Noodles & Co. (NASDAQ:NDLS) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.81.

A number of equities research analysts have recently commented on NDLS shares. BMO Capital Markets cut Noodles & Co. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $15.00 to $9.00 in a research report on Tuesday, July 26th. Jefferies Group cut Noodles & Co. from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Tuesday, July 26th. Bank of America Corp. restated a “sell” rating on shares of Noodles & Co. in a research report on Tuesday, July 26th. Piper Jaffray Cos. restated an “underweight” rating and set a $7.00 target price (down from $8.00) on shares of Noodles & Co. in a research report on Wednesday, July 27th. Finally, Wedbush dropped their target price on Noodles & Co. from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, August 5th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position 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 worth $793,000 after buying an additional 502 shares during the period. Schwab Charles Investment Management Inc. raised its position in Noodles & Co. by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 45,490 shares of the company’s stock worth $445,000 after buying an additional 966 shares during the period. US Bancorp DE raised its position in Noodles & Co. by 11.8% in the second quarter. US Bancorp DE now owns 13,551 shares of the company’s stock worth $132,000 after buying an additional 1,432 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Noodles & Co. by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 431,190 shares of the company’s stock worth $4,217,000 after buying an additional 1,604 shares during the period. Finally, State Street Corp raised its position in Noodles & Co. by 1.7% in the second quarter. State Street Corp now owns 168,517 shares of the company’s stock worth $1,650,000 after buying an additional 2,849 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Noodles & Co. (NASDAQ:NDLS) opened at 4.50 on Thursday. The firm’s 50-day moving average price is $4.54 and its 200-day moving average price is $7.55. Noodles & Co. has a 12 month low of $3.51 and a 12 month high of $13.65. The stock’s market capitalization is $125.38 million.

Noodles & Co. (NASDAQ:NDLS) last posted its earnings results on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Noodles & Co. had a negative return on equity of 4.46% and a negative net margin of 6.43%. The firm had revenue of $122.70 million for the quarter, compared to analysts’ expectations of $122.31 million. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Noodles & Co. will post ($0.17) EPS for the current year.

Noodles & Co. Company Profile

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.

5 Day Chart for NASDAQ:NDLS

Receive News & Stock Ratings for Noodles & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co. and related stocks with our FREE daily email newsletter.