Shares of Noodles & Company (NASDAQ:NDLS – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as low as $1.17. Noodles & Company shares last traded at $1.30, with a volume of 447,584 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on NDLS shares. Benchmark dropped their price target on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday, March 8th.
View Our Latest Research Report on Noodles & Company
Noodles & Company Trading Down 7.1 %
Noodles & Company (NASDAQ:NDLS – Get Free Report) last posted its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $124.32 million for the quarter, compared to the consensus estimate of $124.95 million. Noodles & Company had a negative return on equity of 13.20% and a negative net margin of 1.96%. As a group, analysts forecast that Noodles & Company will post -0.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Noodles & Company
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC bought a new stake in shares of Noodles & Company during the third quarter worth about $29,000. Barclays PLC increased its position in shares of Noodles & Company by 40.8% during the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 19,127 shares in the last quarter. Mill Road Capital Management LLC boosted its holdings in Noodles & Company by 0.3% during the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after purchasing an additional 19,700 shares during the last quarter. Algert Global LLC boosted its holdings in Noodles & Company by 56.4% during the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 21,820 shares during the last quarter. Finally, Innovis Asset Management LLC boosted its holdings in Noodles & Company by 93.5% during the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock worth $292,000 after purchasing an additional 57,363 shares during the last quarter. 65.67% of the stock is owned by institutional investors.
About Noodles & Company
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.
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