Noodles & Company (NASDAQ:NDLS)‘s stock had its “hold” rating reiterated by investment analysts at SunTrust Banks, Inc. in a research note issued to investors on Thursday. They presently have a $5.00 price objective on the restaurant operator’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 11.11% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Noodles & from a “sell” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $5.00 price target on shares of Noodles & in a research report on Thursday, June 22nd. Piper Jaffray Companies reiterated a “sell” rating and set a $4.00 price target on shares of Noodles & in a research report on Friday, August 11th. Wedbush reiterated a “hold” rating on shares of Noodles & in a research report on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $4.50 price target (down previously from $5.50) on shares of Noodles & in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Noodles & presently has a consensus rating of “Hold” and an average price target of $4.69.
Noodles & (NDLS) traded down 4.44% during mid-day trading on Thursday, reaching $4.30. The company had a trading volume of 102,274 shares. The firm has a 50-day moving average price of $4.30 and a 200 day moving average price of $4.53. The firm’s market capitalization is $176.77 million. Noodles & has a 12-month low of $3.16 and a 12-month high of $6.00.
Noodles & (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $112.79 million for the quarter, compared to the consensus estimate of $113.98 million. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted ($0.03) earnings per share. Analysts expect that Noodles & will post ($0.01) EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in NDLS. Renaissance Technologies LLC lifted its stake in shares of Noodles & by 26.2% in the first quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock worth $2,872,000 after buying an additional 103,600 shares in the last quarter. KCG Holdings Inc. lifted 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 worth $334,000 after buying an additional 27,818 shares in the last quarter. Creative Planning lifted 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 worth $281,000 after buying an additional 72,000 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Noodles & in the second quarter worth approximately $226,000. Finally, Schwab Charles Investment Management Inc. lifted 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 worth $105,000 after buying an additional 9,287 shares in the last quarter. Institutional investors and hedge funds own 65.65% of the company’s stock.
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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