Noodles & Co (NASDAQ:NDLS) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Noodles & Co (NASDAQ:NDLS) from a sell rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

A number of other equities research analysts have also weighed in on NDLS. BidaskClub raised shares of Noodles & Co from a sell rating to a hold rating in a report on Wednesday. Zacks Investment Research raised shares of Noodles & Co from a strong sell rating to a hold rating and set a $9.50 price target for the company in a report on Saturday, May 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Noodles & Co currently has an average rating of Hold and a consensus price target of $10.71.

Shares of Noodles & Co stock traded up $0.15 during trading hours on Thursday, hitting $7.55. The company’s stock had a trading volume of 425,086 shares, compared to its average volume of 294,792. Noodles & Co has a 1-year low of $5.85 and a 1-year high of $13.50. The firm has a fifty day moving average price of $7.61. The firm has a market cap of $325.65 million, a P/E ratio of 377.50, a PEG ratio of 5.18 and a beta of 0.05. The company has a quick ratio of 0.15, a current ratio of 0.35 and a debt-to-equity ratio of 6.24.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. The company had revenue of $110.05 million during the quarter, compared to analyst estimates of $108.93 million. Analysts anticipate that Noodles & Co will post 0.16 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its holdings in Noodles & Co by 560.3% during the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 6,667 shares in the last quarter. Geode Capital Management LLC boosted its stake in Noodles & Co by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock valued at $2,391,000 after acquiring an additional 6,676 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Noodles & Co during the 4th quarter valued at $48,000. Dimensional Fund Advisors LP boosted its stake in Noodles & Co by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock valued at $780,000 after acquiring an additional 10,560 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Noodles & Co by 1.3% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 942,759 shares of the restaurant operator’s stock valued at $6,411,000 after acquiring an additional 12,000 shares during the last quarter. 69.86% of the stock is owned by institutional investors and hedge funds.

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, 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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Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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