Noodles & Company (NASDAQ:NDLS) Stock Crosses Below 200-Day Moving Average of $2.48

Shares of Noodles & Company (NASDAQ:NDLS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as low as $1.17. Noodles & Company shares last traded at $1.30, with a volume of 447,584 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Benchmark cut their price objective on Noodles & Company from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, March 12th. StockNews.com downgraded Noodles & Company from a “hold” rating to a “sell” rating in a report on Friday, March 8th.

Noodles & Company Trading Up 9.2 %

The company has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $2.48. The company has a current ratio of 0.34, a quick ratio of 0.18 and a debt-to-equity ratio of 2.95. The company has a market cap of $58.49 million, a PE ratio of -5.91 and a beta of 1.66.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Noodles & Company had a negative return on equity of 13.20% and a negative net margin of 1.96%. The business had revenue of $124.32 million for the quarter, compared to analyst estimates of $124.95 million. Analysts anticipate that Noodles & Company will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NDLS. Sierra Summit Advisors LLC purchased a new position in shares of Noodles & Company in the 4th quarter valued at about $443,000. Sapient Capital LLC purchased a new position in shares of Noodles & Company in the 4th quarter valued at about $301,000. Innovis Asset Management LLC increased its holdings in shares of Noodles & Company by 93.5% in the 3rd quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock valued at $292,000 after acquiring an additional 57,363 shares during the last quarter. Algert Global LLC increased its holdings in shares of Noodles & Company by 56.4% in the 3rd quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock valued at $149,000 after acquiring an additional 21,820 shares during the last quarter. Finally, Mill Road Capital Management LLC grew its stake in Noodles & Company by 0.3% during the 4th quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after buying an additional 19,700 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

About Noodles & Company

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. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.