Noodles & Company (NASDAQ:NDLS) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Noodles & Company (NASDAQ:NDLS) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Noodles & Company in a research note on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Noodles & Company Price Performance

NASDAQ NDLS opened at $18.62 on Friday. The firm has a market cap of $111.16 million, a P/E ratio of -4.64 and a beta of 1.38. The stock’s 50-day moving average is $13.45 and its 200-day moving average is $9.68. Noodles & Company has a one year low of $3.57 and a one year high of $19.00.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Friday, July 24th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.23. The business had revenue of $127.04 million for the quarter, compared to the consensus estimate of $119.40 million.

Institutional Trading of Noodles & Company

Several hedge funds have recently added to or reduced their stakes in NDLS. Virtu Financial LLC bought a new stake in Noodles & Company in the 4th quarter valued at $28,000. Northwestern Mutual Wealth Management Co. increased its position in Noodles & Company by 34,246.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock worth $35,000 after buying an additional 49,657 shares during the period. Jane Street Group LLC bought a new position in Noodles & Company during the 1st quarter worth $41,000. Renaissance Technologies LLC lifted its holdings in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after buying an additional 24,600 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Noodles & Company by 228.5% during the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock worth $67,000 after buying an additional 65,907 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

About Noodles & Company

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.