Two Sigma Investments LP Decreases Stock Position in Noodles & Co (NASDAQ:NDLS)

Two Sigma Investments LP reduced its holdings in shares of Noodles & Co (NASDAQ:NDLS) by 58.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,343 shares of the restaurant operator’s stock after selling 53,026 shares during the quarter. Two Sigma Investments LP’s holdings in Noodles & Co were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NDLS. PEAK6 Investments LLC lifted its holdings in shares of Noodles & Co by 8.3% in the first quarter. PEAK6 Investments LLC now owns 32,131 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 2,474 shares in the last quarter. Amtrust Financial Services Inc. increased its stake in shares of Noodles & Co by 2.6% during the 1st quarter. Amtrust Financial Services Inc. now owns 161,130 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 4,085 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Noodles & Co by 17.6% during the 1st quarter. Alliancebernstein L.P. now owns 38,800 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 5,800 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Noodles & Co by 321.4% in the 1st quarter. Nuveen Asset Management LLC now owns 380,204 shares of the restaurant operator’s stock valued at $1,791,000 after buying an additional 289,975 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Noodles & Co by 120.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,863 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 4,837 shares during the last quarter. Institutional investors own 72.61% of the company’s stock.

Several equities analysts recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $9.00 price objective on shares of Noodles & Co in a research note on Thursday, June 18th. BidaskClub raised shares of Noodles & Co from a “hold” rating to a “buy” rating in a research report on Thursday, June 4th. TheStreet cut Noodles & Co from a “c-” rating to a “d+” rating in a research note on Monday, April 20th. ValuEngine upgraded Noodles & Co from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $8.94.

Shares of NDLS opened at $6.05 on Wednesday. The firm has a market capitalization of $265.78 million, a PE ratio of -100.83 and a beta of 0.98. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 6.98. The firm has a 50-day moving average price of $5.55 and a 200 day moving average price of $5.97. Noodles & Co has a 52-week low of $3.14 and a 52-week high of $9.06.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $100.35 million during the quarter, compared to the consensus estimate of $100.82 million. Noodles & Co had a negative net margin of 0.52% and a positive return on equity of 11.03%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. On average, equities analysts expect that Noodles & Co will post -0.36 EPS for the current year.

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

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