Noodles & Company (NASDAQ:NDLS) Announces Earnings Results

Noodles & Company (NASDAQ:NDLS) announced its earnings results on Wednesday. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.29, FiscalAI reports. The firm had revenue of $122.78 million during the quarter, compared to analysts’ expectations of $122.40 million.

Noodles & Company Trading Down 7.5%

Noodles & Company stock traded down $0.49 during midday trading on Wednesday, hitting $6.06. The stock had a trading volume of 90,495 shares, compared to its average volume of 48,815. The firm’s fifty day moving average is $5.62 and its two-hundred day moving average is $5.62. The company has a market capitalization of $35.45 million, a PE ratio of -0.77 and a beta of 1.50. Noodles & Company has a 52-week low of $3.57 and a 52-week high of $10.00.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NDLS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Noodles & Company in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Noodles & Company to a “sell” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Institutional Trading of Noodles & Company

Several institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Noodles & Company in the 4th quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Noodles & Company by 34,246.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 49,657 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Noodles & Company in the first quarter worth $41,000. Renaissance Technologies LLC lifted its stake in Noodles & Company by 35.7% in the 4th quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 24,600 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Noodles & Company by 228.5% in 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. Hedge funds and other institutional investors own 65.67% of the company’s stock.

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.