Noodles & Co (NASDAQ:NDLS) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Noodles & Co (NASDAQ:NDLS) from a hold rating to a sell rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “

Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Noodles & Co from a sell rating to a hold rating in a report on Sunday, September 1st. ValuEngine upgraded shares of Noodles & Co from a sell rating to a hold rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Noodles & Co has a consensus rating of Hold and a consensus price target of $10.71.

Shares of NASDAQ:NDLS opened at $5.92 on Friday. The company has a fifty day moving average of $6.19 and a 200-day moving average of $7.03. The company has a market capitalization of $261.14 million, a PE ratio of 296.00, a price-to-earnings-growth ratio of 3.78 and a beta of 0.25. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.21 and a current ratio of 0.40. Noodles & Co has a 52-week low of $5.13 and a 52-week high of $13.50.

Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $117.72 million. Noodles & Co had a negative net margin of 0.07% and a positive return on equity of 6.80%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. On average, equities analysts forecast that Noodles & Co will post 0.16 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in NDLS. Goodwin Daniel L grew its stake in shares of Noodles & Co by 105.5% in the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock worth $5,851,000 after purchasing an additional 381,100 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Noodles & Co in the 2nd quarter valued at about $2,789,000. Landscape Capital Management L.L.C. purchased a new stake in Noodles & Co in the 2nd quarter valued at about $383,000. Isomer Partners LP increased its stake in Noodles & Co by 44.7% in the 2nd quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock valued at $13,395,000 after buying an additional 525,000 shares during the last quarter. Finally, Swiss National Bank increased its stake in Noodles & Co by 40.4% in the 2nd quarter. Swiss National Bank now owns 49,000 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 14,100 shares during the last quarter. Institutional investors own 71.16% 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, 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.

See Also: Growth Stocks

Get a free copy of the Zacks research report on Noodles & Co (NDLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with MarketBeat.com's FREE daily email newsletter.