Noodles & Company (NASDAQ:NDLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Noodles & Company (NASDAQ:NDLSGet Rating) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.75.

Several brokerages have commented on NDLS. TheStreet upgraded shares of Noodles & Company from a “d+” rating to a “c-” rating in a report on Friday, October 21st. Stephens began coverage on shares of Noodles & Company in a report on Thursday, September 22nd. They issued an “overweight” rating and a $7.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Noodles & Company from $5.00 to $6.00 and gave the stock a “market perform” rating in a report on Monday, November 7th. Finally, StockNews.com initiated coverage on shares of Noodles & Company in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Noodles & Company Stock Performance

Shares of NDLS opened at $5.61 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.33 and a quick ratio of 0.17. Noodles & Company has a one year low of $4.25 and a one year high of $11.21. The company has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $5.32. The firm has a market capitalization of $258.23 million, a PE ratio of -29.53 and a beta of 1.51.

Insider Buying and Selling at Noodles & Company

In other Noodles & Company news, major shareholder Mill Road Capital Iii, L.P. bought 32,612 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was acquired at an average price of $4.54 per share, with a total value of $148,058.48. Following the completion of the purchase, the insider now owns 849,442 shares of the company’s stock, valued at $3,856,466.68. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders acquired 81,167 shares of company stock valued at $372,968. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Noodles & Company

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its position in shares of Noodles & Company by 33.4% during the second quarter. Royce & Associates LP now owns 1,177,018 shares of the restaurant operator’s stock valued at $5,532,000 after acquiring an additional 295,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Noodles & Company during the second quarter valued at approximately $54,000. Invenire Partners LP increased its position in shares of Noodles & Company by 26.4% during the first quarter. Invenire Partners LP now owns 263,217 shares of the restaurant operator’s stock valued at $1,571,000 after acquiring an additional 55,000 shares in the last quarter. Prospector Partners LLC increased its position in shares of Noodles & Company by 7.5% during the first quarter. Prospector Partners LLC now owns 822,733 shares of the restaurant operator’s stock valued at $4,912,000 after acquiring an additional 57,100 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Noodles & Company during the first quarter valued at approximately $86,000. Institutional investors own 82.96% of the company’s stock.

Noodles & Company Company Profile

(Get Rating)

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. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.

Further Reading

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