Noodles & (NDLS) Given Daily Coverage Optimism Score of 0.10
Headlines about Noodles & (NASDAQ:NDLS) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noodles & earned a news impact score of 0.10 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 46.0437883535353 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Toast Integrates with Olo to Transform Digital Ordering for Mid-Market and Enterprise-Level Restaurants (it.tmcnet.com)
- Analyzing Country Syl Ckng Restaurant Chain Co (CCSC) and Noodles & (NDLS) (americanbankingnews.com)
- Noodles: Don’t Go Near It (seekingalpha.com)
- Zacks: Analysts Expect Noodles & Company (NDLS) to Announce $0.02 Earnings Per Share (americanbankingnews.com)
- Contrasting McDonald’s Corporation (MCD) and Noodles & (NDLS) (americanbankingnews.com)
NDLS has been the topic of a number of recent research reports. Wedbush restated a “hold” rating and issued a $5.50 target price on shares of Noodles & in a research note on Wednesday, May 10th. ValuEngine cut Noodles & from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Zacks Investment Research cut Noodles & from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $5.00 price target on shares of Noodles & in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.50 price target (down previously from $5.50) on shares of Noodles & in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.72.
Noodles & (NASDAQ NDLS) opened at 4.50 on Thursday. The company’s market capitalization is $185.00 million. The company’s 50-day moving average price is $3.95 and its 200 day moving average price is $4.44. Noodles & has a 52 week low of $3.16 and a 52 week high of $6.56.
Noodles & (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $112.79 million for the quarter, compared to analyst estimates of $113.98 million. Noodles & had a negative return on equity of 10.25% and a negative net margin of 17.42%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. On average, analysts predict that Noodles & will post ($0.01) EPS for the current year.
In other Noodles & news, Director Robert M. Hartnett purchased 72,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average cost of $3.55 per share, for a total transaction of $255,600.00. Following the completion of the transaction, the director now owns 61,682 shares in the company, valued at $218,971.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.67% of the stock is currently owned by insiders.
About Noodles &
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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