Cooper Creek Partners Management LLC boosted its stake in shares of Noodles & Co (NASDAQ:NDLS) by 51.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461,301 shares of the restaurant operator’s stock after acquiring an additional 155,736 shares during the period. Cooper Creek Partners Management LLC’s holdings in Noodles & Co were worth $3,137,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NDLS. Mackenzie Financial Corp purchased a new position in shares of Noodles & Co in the 4th quarter worth $91,000. Salem Investment Counselors Inc. grew its stake in shares of Noodles & Co by 1,400.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock worth $1,573,000 after buying an additional 210,000 shares in the last quarter. Millennium Management LLC grew its stake in shares of Noodles & Co by 41.6% in the 4th quarter. Millennium Management LLC now owns 219,817 shares of the restaurant operator’s stock worth $1,537,000 after buying an additional 64,535 shares in the last quarter. BlackRock Inc. grew its stake in shares of Noodles & Co by 15.7% in the 4th quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock worth $9,254,000 after buying an additional 179,935 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Noodles & Co by 858.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock worth $3,090,000 after buying an additional 228,781 shares in the last quarter. 70.07% of the stock is owned by institutional investors.
NDLS has been the subject of a number of recent research reports. SunTrust Banks dropped their price objective on shares of Noodles & Co to $13.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Zacks Investment Research cut shares of Noodles & Co from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 25th. BidaskClub raised shares of Noodles & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, February 22nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.63.
Shares of Noodles & Co stock traded down $0.19 during trading on Friday, hitting $7.11. The stock had a trading volume of 309,266 shares, compared to its average volume of 340,324. The firm has a market capitalization of $312.46 million, a PE ratio of 237.00, a price-to-earnings-growth ratio of 4.98 and a beta of 0.03. The company has a current ratio of 0.35, a quick ratio of 0.15 and a debt-to-equity ratio of 6.24. Noodles & Co has a 12 month low of $5.85 and a 12 month high of $13.50.
Noodles & Co (NASDAQ:NDLS) last released its earnings results on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $110.05 million during the quarter, compared to analyst estimates of $108.93 million. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. As a group, sell-side analysts predict that Noodles & Co will post 0.16 earnings per share for the current fiscal year.
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Noodles & Co Company 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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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