Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Noodles & Company (NASDAQ:NDLS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.09 and traded as low as $1.05. Noodles & Company shares last traded at $1.10, with a volume of 88,093 shares.

Wall Street Analysts Forecast Growth

NDLS has been the subject of several analyst reports. StockNews.com downgraded shares of Noodles & Company from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Benchmark restated a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research report on Monday, March 10th.

Noodles & Company Price Performance

The stock has a market cap of $50.31 million, a P/E ratio of -1.51 and a beta of 1.96. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66. The business’s 50-day simple moving average is $1.29 and its two-hundred day simple moving average is $1.09.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $121.77 million during the quarter, compared to analysts’ expectations of $123.43 million. During the same period in the previous year, the company posted ($0.07) earnings per share. Sell-side analysts expect that Noodles & Company will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Noodles & Company

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC boosted its stake in Noodles & Company (NASDAQ:NDLS) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,300 shares of the restaurant operator’s stock after purchasing an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned about 0.32% of Noodles & Company worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 65.67% of the stock is owned by institutional investors.

Noodles & Company Company Profile

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.