Noodles & Co (NASDAQ:NDLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Noodles & Co (NASDAQ:NDLS) have received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.92.

Several research firms have issued reports on NDLS. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Noodles & Co from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Finally, BidaskClub cut Noodles & Co from a “hold” rating to a “sell” rating in a report on Wednesday.

A number of large investors have recently made changes to their positions in NDLS. Tower Research Capital LLC TRC acquired a new stake in Noodles & Co during the 2nd quarter valued at $31,000. Bank of Montreal Can raised its stake in Noodles & Co by 92.4% during the 2nd quarter. Bank of Montreal Can now owns 5,026 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 2,414 shares during the period. Macquarie Group Ltd. raised its stake in Noodles & Co by 560.3% during the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 6,667 shares during the period. US Bancorp DE raised its stake in Noodles & Co by 61.7% during the 2nd quarter. US Bancorp DE now owns 8,596 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 3,279 shares during the period. Finally, Bank of America Corp DE raised its stake in Noodles & Co by 501.6% during the 4th quarter. Bank of America Corp DE now owns 17,861 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 14,892 shares during the period. 72.59% of the stock is currently owned by institutional investors.

Shares of NASDAQ NDLS traded down $0.05 during trading on Wednesday, hitting $5.70. The company had a trading volume of 222,800 shares, compared to its average volume of 480,545. The company has a market cap of $265.99 million, a P/E ratio of 285.00, a PEG ratio of 3.85 and a beta of 0.05. Noodles & Co has a 52 week low of $5.50 and a 52 week high of $13.50. The business’s 50-day moving average is $7.33 and its 200 day moving average is $7.26. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.21 and a current ratio of 0.40.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $117.72 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, research analysts expect that Noodles & Co will post 0.16 EPS for the current year.

Noodles & Co Company Profile

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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