Noodles & Company (NASDAQ:NDLS) Stock Price Passes Below Two Hundred Day Moving Average of $1.70

Shares of Noodles & Company (NASDAQ:NDLS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.70 and traded as low as $1.08. Noodles & Company shares last traded at $1.10, with a volume of 409,614 shares traded.

Wall Street Analysts Forecast Growth

NDLS has been the subject of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $4.00 price target on shares of Noodles & Company in a report on Monday, July 1st. StockNews.com raised shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

Noodles & Company Trading Down 8.3 %

The company has a market cap of $49.88 million, a price-to-earnings ratio of -3.79 and a beta of 1.74. The company has a debt-to-equity ratio of 8.79, a current ratio of 0.32 and a quick ratio of 0.17. The firm’s fifty day moving average price is $1.54 and its 200-day moving average price is $1.70.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Noodles & Company had a negative net margin of 5.03% and a negative return on equity of 42.03%. The company had revenue of $127.35 million during the quarter, compared to analyst estimates of $130.45 million. During the same quarter last year, the firm posted ($0.02) EPS. On average, equities analysts expect that Noodles & Company will post -0.33 EPS for the current fiscal year.

Institutional Trading of Noodles & Company

A number of institutional investors have recently added to or reduced their stakes in the business. Mill Road Capital Management LLC raised its holdings in Noodles & Company by 0.3% in the 4th quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after acquiring an additional 19,700 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of Noodles & Company during the fourth quarter worth approximately $443,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Noodles & Company in the first quarter valued at approximately $32,000. Vanguard Group Inc. increased its stake in Noodles & Company by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock valued at $4,611,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Noodles & Company during the second quarter worth $31,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

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.