BMO Capital Markets reissued their hold rating on shares of Noodles & Company (NASDAQ:NDLS) in a report released on Thursday, June 22nd. BMO Capital Markets currently has a $5.00 price target on the restaurant operator’s stock.
A number of other research firms have also weighed in on NDLS. Wedbush reissued a hold rating and set a $5.50 target price on shares of Noodles & Company in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Noodles & Company from a buy rating to a hold rating in a research report on Friday, April 28th. Jefferies Group LLC restated a hold rating and issued a $5.50 price objective on shares of Noodles & Company in a report on Tuesday, April 18th. ValuEngine lowered shares of Noodles & Company from a sell rating to a strong sell rating in a report on Thursday, May 11th. Finally, Royal Bank Of Canada reissued a sector perform rating and set a $5.00 price objective on shares of Noodles & Company in a research report on Monday, March 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $5.50.
Shares of Noodles & Company (NASDAQ:NDLS) traded up 6.4602% during mid-day trading on Thursday, reaching $4.4181. The company’s stock had a trading volume of 93,218 shares. The company’s market capitalization is $181.20 million. The company’s 50 day moving average price is $4.28 and its 200-day moving average price is $4.56. Noodles & Company has a 1-year low of $3.16 and a 1-year high of $10.47.
Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Tuesday, May 9th. The restaurant operator reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Noodles & Company had a negative net margin of 19.61% and a negative return on equity of 10.55%. The business had revenue of $116.72 million during the quarter, compared to analyst estimates of $115.34 million. During the same quarter in the previous year, the business earned ($0.06) EPS. Noodles & Company’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that Noodles & Company will post $0.00 earnings per share for the current fiscal year.
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In other Noodles & Company news, Director Robert M. Hartnett bought 72,000 shares of Noodles & Company stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $3.55 per share, with a total value of $255,600.00. Following the acquisition, the director now directly owns 61,682 shares of the company’s stock, valued at approximately $218,971.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 52.67% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in Noodles & Company by 0.5% in the fourth quarter. FMR LLC now owns 3,951,069 shares of the restaurant operator’s stock worth $16,199,000 after buying an additional 20,700 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Noodles & Company by 26.2% in the first quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock worth $2,872,000 after buying an additional 103,600 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Noodles & Company during the fourth quarter worth approximately $2,018,000. Two Sigma Investments LP raised its stake in shares of Noodles & Company by 47.3% in the fourth quarter. Two Sigma Investments LP now owns 63,504 shares of the restaurant operator’s stock worth $260,000 after buying an additional 20,380 shares during the period. Finally, Federated Investors Inc. PA acquired a new stake in shares of Noodles & Company during the fourth quarter worth approximately $244,000. Hedge funds and other institutional investors own 54.71% of the company’s stock.
Noodles & Company Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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