Noodles & Company (NASDAQ:NDLS) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a report issued on Tuesday.

Separately, Truist Financial dropped their price objective on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Noodles & Company Stock Down 7.1 %

Shares of NASDAQ:NDLS opened at $1.25 on Tuesday. Noodles & Company has a 1 year low of $0.55 and a 1 year high of $2.55. The business has a 50 day simple moving average of $1.19 and a two-hundred day simple moving average of $1.11. The firm has a market capitalization of $56.87 million, a PE ratio of -1.71 and a beta of 1.77. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, March 6th. The restaurant operator reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $121.77 million during the quarter, compared to the consensus estimate of $123.43 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. During the same period last year, the firm earned ($0.07) EPS. On average, equities analysts predict that Noodles & Company will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC raised its holdings in Noodles & Company by 17.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 147,300 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 21,800 shares during the last quarter. Creative Planning boosted its position in shares of Noodles & Company by 83.2% during the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 60,000 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Noodles & Company by 129.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 25,122 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Noodles & Company Company Profile

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.