Sapient Capital LLC bought a new position in shares of Noodles & Company (NASDAQ:NDLS – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 95,510 shares of the restaurant operator’s stock, valued at approximately $301,000. Sapient Capital LLC owned 0.21% of Noodles & Company as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Algert Global LLC grew its stake in Noodles & Company by 56.4% in the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 21,820 shares in the last quarter. Barclays PLC grew its position in shares of Noodles & Company by 40.8% during the 3rd quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after buying an additional 19,127 shares in the last quarter. Finally, Innovis Asset Management LLC grew its position in shares of Noodles & Company by 93.5% during the 3rd quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock worth $292,000 after buying an additional 57,363 shares in the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.
Noodles & Company Trading Up 10.1 %
Shares of NASDAQ NDLS opened at $1.74 on Tuesday. The business has a fifty day moving average price of $1.79 and a 200 day moving average price of $2.42. Noodles & Company has a 1-year low of $1.11 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.34 and a quick ratio of 0.18. The stock has a market capitalization of $78.28 million, a P/E ratio of -7.91 and a beta of 1.69.
Wall Street Analyst Weigh In
NDLS has been the subject of a number of research reports. StockNews.com lowered shares of Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Benchmark lowered their price target on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.
View Our Latest Stock Analysis on NDLS
Noodles & Company Company Profile
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.
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