Noodles & Co (NASDAQ:NDLS) VP Kathryn Rae Lockhart sold 950 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $13.00, for a total value of $12,350.00. Following the transaction, the vice president now directly owns 22,035 shares of the company’s stock, valued at approximately $286,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:NDLS traded down $0.23 during midday trading on Friday, hitting $12.87. 60,530 shares of the stock were exchanged, compared to its average volume of 442,892. The stock has a market cap of $546.38 million, a P/E ratio of -643.50, a price-to-earnings-growth ratio of 32.40 and a beta of -0.58. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 2.40. Noodles & Co has a 12 month low of $3.95 and a 12 month high of $13.50.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Wednesday, July 18th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $114.16 million. Noodles & Co had a negative return on equity of 0.45% and a negative net margin of 4.03%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, equities analysts forecast that Noodles & Co will post 0.05 EPS for the current year.
NDLS has been the subject of several research analyst reports. ValuEngine downgraded Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 7th. SunTrust Banks raised Noodles & Co from a “hold” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $15.00 in a research note on Tuesday. BidaskClub downgraded Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Citigroup boosted their target price on Noodles & Co from $11.50 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Finally, BMO Capital Markets boosted their target price on Noodles & Co from $6.00 to $10.00 and gave the stock a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Noodles & Co currently has a consensus rating of “Buy” and an average price target of $12.33.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Noodles & Co by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 41,914 shares of the restaurant operator’s stock worth $516,000 after purchasing an additional 5,700 shares during the last quarter. First Midwest Bank Trust Division grew its holdings in shares of Noodles & Co by 13.2% during the second quarter. First Midwest Bank Trust Division now owns 50,775 shares of the restaurant operator’s stock worth $625,000 after purchasing an additional 5,920 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Noodles & Co by 3.5% during the second quarter. Russell Investments Group Ltd. now owns 314,179 shares of the restaurant operator’s stock worth $3,864,000 after purchasing an additional 10,767 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Noodles & Co during the second quarter worth about $175,000. Finally, Solstein Capital LLC bought a new stake in shares of Noodles & Co during the second quarter worth about $197,000. Institutional investors own 61.82% of the company’s stock.
About Noodles & Co
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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