Noodles & Company (NASDAQ:NDLS) Stock Rating Upgraded by Wall Street Zen

Noodles & Company (NASDAQ:NDLS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Noodles & Company in a research note on Monday, July 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Noodles & Company Price Performance

Shares of NDLS stock opened at $18.62 on Friday. The business has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $9.70. Noodles & Company has a 12-month low of $3.57 and a 12-month high of $19.00. The firm has a market cap of $111.16 million, a P/E ratio of -4.64 and a beta of 1.36.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings data on Friday, July 24th. The restaurant operator reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.23. The firm had revenue of $127.04 million for the quarter, compared to the consensus estimate of $119.40 million.

Institutional Trading of Noodles & Company

Several institutional investors have recently added to or reduced their stakes in NDLS. Goldman Sachs Group Inc. grew its stake in shares of Noodles & Company by 331.0% during the first quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 84,987 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Noodles & Company in the 1st quarter valued at about $41,000. Geode Capital Management LLC lifted its stake in shares of Noodles & Company by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 27,384 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Noodles & Company by 34,246.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 49,657 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Noodles & Company by 35.7% during the 4th quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 24,600 shares during the period. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

About Noodles & Company

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.