BMO Capital Markets set a $4.00 target price on Noodles & Company (NASDAQ:NDLS) in a research note issued to investors on Friday, November 10th. The firm currently has a hold rating on the restaurant operator’s stock.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC reaffirmed a hold rating and set a $4.50 target price (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Wedbush reaffirmed a hold rating on shares of Noodles & in a research note on Friday, August 11th. SunTrust Banks, Inc. reaffirmed a hold rating and set a $5.00 target price on shares of Noodles & in a research note on Thursday, October 12th. Zacks Investment Research raised Noodles & from a sell rating to a hold rating in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies reaffirmed a sell rating and set a $4.00 target price on shares of Noodles & in a research note on Friday, August 11th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Noodles & currently has an average rating of Hold and a consensus price target of $4.75.
Noodles & (NASDAQ:NDLS) traded down $0.10 during trading on Friday, reaching $5.10. The company’s stock had a trading volume of 216,800 shares, compared to its average volume of 169,014. The company has a quick ratio of 0.31, a current ratio of 0.57 and a debt-to-equity ratio of 1.78. Noodles & has a 1 year low of $3.16 and a 1 year high of $6.00.
Noodles & (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. Noodles & had a negative return on equity of 6.83% and a negative net margin of 17.41%. The company had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.45 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. research analysts anticipate that Noodles & will post -0.03 EPS for the current year.
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Several large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its stake in shares of Noodles & by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 9,287 shares during the period. Royce & Associates LP bought a new stake in shares of Noodles & in the second quarter valued at $146,000. Spark Investment Management LLC bought a new stake in shares of Noodles & in the second quarter valued at $226,000. KCG Holdings Inc. raised its stake in shares of Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 27,818 shares during the period. Finally, Creative Planning raised its stake in shares of Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 72,000 shares during the period. 65.46% of the stock is currently owned by institutional investors.
About Noodles &
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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