Noodles & Company (NASDAQ:NDLS) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a research report released on Wednesday morning.

Separately, Benchmark reissued a buy rating and set a $3.00 target price on shares of Noodles & Company in a research note on Monday, May 13th.

Noodles & Company Stock Down 3.3 %

NDLS stock opened at $2.04 on Wednesday. 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 has a fifty-two week low of $1.11 and a fifty-two week high of $3.98. The firm’s 50-day simple moving average is $1.79 and its 200 day simple moving average is $2.28. The stock has a market cap of $92.51 million, a PE ratio of -7.03 and a beta of 1.80.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $122.17 million. As a group, sell-side analysts predict that Noodles & Company will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Noodles & Company

Several large investors have recently bought and sold shares of NDLS. Sierra Summit Advisors LLC acquired a new position in Noodles & Company during the 4th quarter valued at about $443,000. Sapient Capital LLC bought a new position in shares of Noodles & Company during the 4th quarter valued at about $301,000. Algert Global LLC boosted its position 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 valued at $149,000 after purchasing an additional 21,820 shares in the last quarter. Mill Road Capital Management LLC boosted its position in shares of 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 valued at $21,941,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Noodles & Company by 40.8% during the 3rd quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 19,127 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

Noodles & Company Company Profile

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.