Noodles & Co (NDLS) Getting Somewhat Positive News Coverage, Study Shows

Media headlines about Noodles & Co (NASDAQ:NDLS) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noodles & Co earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 46.9824488368031 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

NDLS has been the subject of several research reports. Zacks Investment Research cut shares of Noodles & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. SunTrust Banks restated a “hold” rating and set a $6.00 price objective on shares of Noodles & Co in a research note on Wednesday, January 3rd. Citigroup lifted their price objective on shares of Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 price objective on shares of Noodles & Co and gave the company a “hold” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.00.

Noodles & Co (NDLS) traded up $0.10 on Friday, hitting $5.75. 64,632 shares of the company traded hands, compared to its average volume of 89,131. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. Noodles & Co has a 1 year low of $3.16 and a 1 year high of $6.00. The firm has a market cap of $223.72, a PE ratio of -1.89, a P/E/G ratio of 8.56 and a beta of -0.43.

Noodles & Co (NASDAQ:NDLS) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $114.45 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue was down 6.9% compared to the same quarter last year. analysts forecast that Noodles & Co will post -0.03 earnings per share for the current fiscal year.

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Noodles & Co 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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