Noodles & Co (NDLS) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Noodles & Co (NASDAQ:NDLS) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

NDLS has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Noodles & Co from a hold rating to a sell rating in a research report on Tuesday, November 14th. SunTrust Banks reiterated a hold rating and set a $6.00 target price on shares of Noodles & Co in a research report on Wednesday, January 3rd. Citigroup boosted their target price on shares of Noodles & Co from $5.00 to $6.00 and gave the company a buy rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 target price on shares of Noodles & Co and gave the company a hold rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Noodles & Co has a consensus rating of Hold and an average price target of $5.00.

Noodles & Co (NASDAQ:NDLS) opened at $6.85 on Friday. 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 $6.90. The stock has a market cap of $243.52, a price-to-earnings ratio of -2.25, a P/E/G ratio of 8.95 and a beta of -0.26.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its holdings in Noodles & Co by 52.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after buying an additional 9,287 shares during the last quarter. Northern Trust Corp raised its holdings in Noodles & Co by 0.3% during the second quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock worth $596,000 after buying an additional 491 shares during the last quarter. Vanguard Group Inc. raised its holdings in Noodles & Co by 6.9% during the second quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock worth $1,694,000 after buying an additional 28,054 shares during the last quarter. State Street Corp raised its holdings in Noodles & Co by 4.6% during the second quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock worth $698,000 after buying an additional 7,823 shares during the last quarter. Finally, Eidelman Virant Capital raised its holdings in Noodles & Co by 106.7% during the third quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock worth $1,636,000 after buying an additional 192,000 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

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About Noodles & Co

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.

Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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