Noodles & Company’s (NDLS) Buy Rating Reiterated at Benchmark

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

Separately, StockNews.com raised shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th.

Noodles & Company Trading Down 0.8 %

NASDAQ NDLS opened at $1.21 on Monday. The firm has a market capitalization of $55.27 million, a PE ratio of -1.66 and a beta of 1.96. The business’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $1.10. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. Noodles & Company has a 12 month low of $0.55 and a 12 month high of $2.36.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC grew its stake in shares of Noodles & Company (NASDAQ:NDLS) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,300 shares of the restaurant operator’s stock after purchasing an additional 21,800 shares during the period. Bridgeway Capital Management LLC owned approximately 0.32% of Noodles & Company worth $85,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 65.67% of the company’s stock.

About Noodles & Company

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.