Noodles & Company (NASDAQ:NDLS) Earns Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Noodles & Company (NASDAQ:NDLSFree Report) in a report released on Monday, Benzinga reports. The firm currently has a $3.00 target price on the restaurant operator’s stock.

Separately, StockNews.com cut Noodles & Company from a hold rating to a sell rating in a research report on Friday, March 8th.

Get Our Latest Stock Analysis on NDLS

Noodles & Company Stock Performance

NASDAQ:NDLS opened at $2.15 on Monday. The stock has a market cap of $97.50 million, a PE ratio of -7.41 and a beta of 1.69. Noodles & Company has a fifty-two week low of $1.11 and a fifty-two week high of $3.98. The firm’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $2.41. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 3.71.

Noodles & Company (NASDAQ:NDLSGet Free Report) last issued its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $124.32 million during the quarter, compared to analysts’ expectations of $124.95 million. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. Analysts expect that Noodles & Company will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A number of institutional investors and hedge funds have recently bought and sold shares of NDLS. Sierra Summit Advisors LLC purchased a new position in Noodles & Company during the fourth quarter worth $443,000. Sapient Capital LLC acquired a new position in Noodles & Company in the 4th quarter valued at about $301,000. Innovis Asset Management LLC lifted its holdings in 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 purchasing an additional 57,363 shares in the last quarter. Algert Global LLC boosted its stake in shares of Noodles & Company by 56.4% during the 3rd quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 21,820 shares during the last quarter. Finally, Mill Road Capital Management LLC grew its holdings in shares of Noodles & Company by 0.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

(Get Free Report)

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.

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