Several other equities analysts also recently issued reports on the company. Zacks Investment Research raised Noodles & Co. from a sell rating to a hold rating in a research report on Wednesday, September 21st. Piper Jaffray Cos. reissued an underweight rating and issued a $7.00 target price (down from $8.00) on shares of Noodles & Co. in a research report on Wednesday, July 27th. Bank of America Corp. reissued a sell rating on shares of Noodles & Co. in a research report on Tuesday, July 26th. Jefferies Group reissued a buy rating and issued a $14.00 target price on shares of Noodles & Co. in a research report on Saturday, June 25th. Finally, Robert W. Baird reaffirmed a neutral rating on shares of Noodles & Co. in a research report on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Noodles & Co. presently has a consensus rating of Hold and an average price target of $9.14.
Shares of Noodles & Co. (NASDAQ:NDLS) opened at 4.49 on Wednesday. Noodles & Co. has a one year low of $4.41 and a one year high of $14.95. The stock has a 50 day moving average price of $5.83 and a 200 day moving average price of $8.86. The company’s market capitalization is $125.03 million.
Noodles & Co. (NASDAQ:NDLS) last released its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.02. Noodles & Co. had a negative net margin of 6.50% and a negative return on equity of 2.75%. The firm earned $121.40 million during the quarter, compared to analyst estimates of $121.15 million. During the same period in the previous year, the company earned $0.10 earnings per share. Noodles & Co.’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Noodles & Co. will post ($0.10) earnings per share for the current year.
Several large investors have recently bought and sold shares of NDLS. State Street Corp raised its stake in Noodles & Co. by 0.6% in the first quarter. State Street Corp now owns 165,668 shares of the company’s stock valued at $1,966,000 after buying an additional 924 shares during the last quarter. Geode Capital Management LLC raised its stake in Noodles & Co. by 9.2% in the first quarter. Geode Capital Management LLC now owns 137,447 shares of the company’s stock valued at $1,630,000 after buying an additional 11,525 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Noodles & Co. by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 81,122 shares of the company’s stock valued at $793,000 after buying an additional 502 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Noodles & Co. during the second quarter valued at about $3,605,000. Finally, Vanguard Group Inc. raised its stake in Noodles & Co. by 0.5% in the second quarter. Vanguard Group Inc. now owns 1,002,089 shares of the company’s stock valued at $9,800,000 after buying an additional 5,258 shares during the last quarter. 96.89% of the stock is currently owned by institutional investors and hedge funds.
About Noodles & Co.
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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