Noodles & Company (NASDAQ:NDLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Noodles & Company has a consensus rating of “Reduce”.

Noodles & Company Price Performance

Noodles & Company stock opened at $8.61 on Friday. Noodles & Company has a 1-year low of $3.57 and a 1-year high of $10.00. The business has a fifty day moving average price of $5.74 and a 200-day moving average price of $5.71. The stock has a market capitalization of $50.71 million, a price-to-earnings ratio of -1.16 and a beta of 1.50.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.29. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $122.40 million. On average, equities research analysts anticipate that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Noodles & Company

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Noodles & Company by 117.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 24,065 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Noodles & Company by 35.7% in the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 24,600 shares during the period. Geode Capital Management LLC raised its stake in shares of Noodles & Company by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock worth $275,000 after purchasing an additional 27,384 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Noodles & Company in the first quarter worth about $41,000. Finally, Virtu Financial LLC acquired a new stake in shares of Noodles & Company during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

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.