Noodles & Company (NASDAQ:NDLS – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.24 and traded as low as $1.91. Noodles & Company shares last traded at $1.91, with a volume of 251,658 shares trading hands.
Analyst Ratings Changes
NDLS has been the subject of a number of research analyst reports. StockNews.com cut Noodles & Company from a “hold” rating to a “sell” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a research note on Monday, May 13th.
Get Our Latest Stock Analysis on NDLS
Noodles & Company Stock Down 8.6 %
Noodles & Company (NASDAQ:NDLS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The business had revenue of $121.40 million for the quarter, compared to analyst estimates of $122.17 million. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. On average, equities analysts expect that Noodles & Company will post -0.28 earnings per share for the current year.
Institutional Trading of Noodles & Company
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Noodles & Company in the first quarter valued at approximately $32,000. Algert Global LLC raised its position in Noodles & Company by 56.4% in the third 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 during the period. Barclays PLC grew its stake in shares of Noodles & Company by 40.8% in the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 19,127 shares in the last quarter. Sapient Capital LLC acquired a new position in Noodles & Company during the 4th quarter worth $301,000. Finally, Sierra Summit Advisors LLC acquired a new position in Noodles & Company during the 4th quarter worth $443,000. 65.67% of the stock is owned by institutional investors and hedge funds.
About Noodles & Company
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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