Noodles & Company (NDLS) Given Average Rating of “Hold” by Brokerages
Noodles & Company (NASDAQ:NDLS) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.71.
Several research firms recently commented on NDLS. Zacks Investment Research downgraded Noodles & from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Wedbush reissued a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “sell” rating and issued a $4.00 price objective on shares of Noodles & in a research note on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $4.50 price objective (down from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $5.00 price objective on shares of Noodles & in a research note on Thursday, June 22nd.
In related news, Director Robert M. Hartnett bought 72,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of $3.55 per share, with a total value of $255,600.00. Following the purchase, the director now directly owns 61,682 shares of the company’s stock, valued at $218,971.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 52.67% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of Noodles & by 52.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 9,287 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Noodles & during the 2nd quarter worth about $146,000. Spark Investment Management LLC acquired a new stake in shares of Noodles & during the 2nd quarter worth about $226,000. Creative Planning increased its position in shares of Noodles & by 48,000.0% during the 2nd quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 72,000 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Noodles & by 91.8% during the 1st quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock worth $334,000 after purchasing an additional 27,818 shares during the last quarter. 67.65% of the stock is owned by hedge funds and other institutional investors.
Noodles & (NASDAQ:NDLS) traded up 3.19% on Wednesday, reaching $4.85. 189,191 shares of the company’s stock traded hands. The stock’s market capitalization is $199.38 million. The firm has a 50-day moving average price of $4.00 and a 200-day moving average price of $4.47. Noodles & has a 52 week low of $3.16 and a 52 week high of $6.26.
Noodles & (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The firm had revenue of $112.79 million during the quarter, compared to analyst estimates of $113.98 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts predict that Noodles & will post ($0.01) earnings per share for the current year.
Noodles & 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.
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