Creative Planning Has $159,000 Stock Holdings in Noodles & Company (NASDAQ:NDLS)

Creative Planning increased its position in shares of Noodles & Company (NASDAQ:NDLS) by 83.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,130 shares of the restaurant operator’s stock after buying an additional 60,000 shares during the quarter. Creative Planning owned 0.29% of Noodles & Company worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Noodles & Company during the first quarter worth about $32,000. Vanguard Group Inc. boosted its holdings in Noodles & Company by 0.7% during 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. Assenagon Asset Management S.A. acquired a new stake in Noodles & Company during the second quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Noodles & Company during the second quarter valued at approximately $99,000. Finally, Nantahala Capital Management LLC boosted its holdings in Noodles & Company by 6.8% during the second quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock valued at $6,807,000 after purchasing an additional 275,000 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Noodles & Company Stock Performance

Shares of Noodles & Company stock opened at $0.90 on Tuesday. The firm has a fifty day moving average of $1.21 and a two-hundred day moving average of $1.57. The stock has a market capitalization of $41.08 million, a price-to-earnings ratio of -1.20 and a beta of 1.73. Noodles & Company has a 52 week low of $0.85 and a 52 week high of $3.50. The company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 86.34%. The firm had revenue of $122.75 million during the quarter, compared to the consensus estimate of $125.43 million. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, equities research analysts predict that Noodles & Company will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NDLS. StockNews.com downgraded Noodles & Company from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial reduced their target price on Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday.

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.