Noodles & Company (NASDAQ:NDLS – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Separately, Benchmark reiterated a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research report on Monday, May 13th.
View Our Latest Stock Report on NDLS
Noodles & Company Price Performance
Noodles & Company (NASDAQ:NDLS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. The business had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $122.17 million. Sell-side analysts anticipate that Noodles & Company will post -0.28 earnings per share for the current year.
Institutional Investors Weigh In On Noodles & Company
A number of institutional investors have recently made changes to their positions in NDLS. Vanguard Group Inc. boosted its stake in shares of Noodles & Company by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock valued at $4,611,000 after purchasing an additional 17,000 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Noodles & Company in the first quarter valued at approximately $32,000. Sierra Summit Advisors LLC purchased a new position in shares of Noodles & Company in the fourth quarter valued at approximately $443,000. Mill Road Capital Management LLC boosted its stake in shares of Noodles & Company by 0.3% in the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock valued at $21,941,000 after purchasing an additional 19,700 shares during the period. Finally, Sapient Capital LLC purchased a new position in shares of Noodles & Company in the fourth quarter valued at approximately $301,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.
Noodles & Company Company Profile
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.
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