Emerald Advisers Inc. PA Invests $8.91 Million in Noodles & Co (NDLS)

Emerald Advisers Inc. PA bought a new stake in Noodles & Co (NASDAQ:NDLS) in the third quarter, Holdings Channel reports. The firm bought 736,170 shares of the restaurant operator’s stock, valued at approximately $8,908,000.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Noodles & Co in the second quarter valued at about $175,000. Solstein Capital LLC bought a new stake in shares of Noodles & Co in the second quarter valued at about $197,000. Macquarie Group Ltd. bought a new stake in shares of Noodles & Co in the second quarter valued at about $200,000. Dimensional Fund Advisors LP bought a new stake in shares of Noodles & Co in the second quarter valued at about $250,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Noodles & Co in the second quarter valued at about $300,000. 63.83% of the stock is owned by institutional investors.

NDLS opened at $9.23 on Friday. Noodles & Co has a twelve month low of $3.95 and a twelve month high of $13.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.68 and a quick ratio of 0.36. The stock has a market cap of $418.14 million, a P/E ratio of -461.50, a PEG ratio of 29.67 and a beta of -0.58.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Tuesday, October 23rd. The restaurant operator reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Noodles & Co had a negative net margin of 1.96% and a positive return on equity of 2.23%. The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $114.80 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. Noodles & Co’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Noodles & Co will post 0.04 EPS for the current fiscal year.

A number of brokerages have recently issued reports on NDLS. UBS Group boosted their target price on shares of Noodles & Co from $4.00 to $10.00 and gave the company a “$11.80” rating in a research report on Thursday, July 19th. Zacks Investment Research cut shares of Noodles & Co from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. BidaskClub cut shares of Noodles & Co from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine raised shares of Noodles & Co from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 17th. Finally, Citigroup reduced their target price on shares of Noodles & Co from $13.50 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $12.00.

In other Noodles & Co news, Director Robert M. Hartnett sold 9,652 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $11.51, for a total transaction of $111,094.52. Following the completion of the transaction, the director now owns 96,606 shares of the company’s stock, valued at $1,111,935.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David James Boennighausen sold 43,096 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $11.52, for a total value of $496,465.92. Following the transaction, the chief executive officer now directly owns 118,261 shares of the company’s stock, valued at approximately $1,362,366.72. The disclosure for this sale can be found here. Insiders have sold 63,937 shares of company stock valued at $748,702 in the last ninety days. 50.52% of the stock is currently owned by company insiders.

Noodles & Co Profile

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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Institutional Ownership by Quarter for Noodles & Co (NASDAQ:NDLS)

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