Noodles & Company (NASDAQ:NDLS) Stock Rating Lowered by StockNews.com

Noodles & Company (NASDAQ:NDLS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, Benchmark reissued a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a research note on Monday, May 13th.

Noodles & Company Stock Performance

NDLS stock opened at $1.81 on Wednesday. The business’s fifty day moving average is $1.72 and its 200-day moving average is $2.41. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 3.71. The company has a market cap of $81.85 million, a P/E ratio of -6.22 and a beta of 1.69. Noodles & Company has a twelve month low of $1.11 and a twelve month high of $3.98.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $124.32 million during the quarter, compared to analyst estimates of $124.95 million. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. Equities research analysts forecast that Noodles & Company will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Noodles & Company during the first quarter worth about $32,000. Algert Global LLC lifted its holdings in shares of Noodles & Company by 56.4% in the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 21,820 shares in the last quarter. Barclays PLC lifted its holdings in shares of Noodles & Company by 40.8% in the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 19,127 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Noodles & Company in the fourth quarter valued at about $301,000. Finally, Innovis Asset Management LLC lifted its holdings in shares of Noodles & Company by 93.5% in the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock valued at $292,000 after purchasing an additional 57,363 shares in the last quarter. 65.67% of the stock is currently 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.