Noodles & Company (NASDAQ:NDLS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Noodles & Company (NASDAQ:NDLS) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,367 shares of the restaurant operator’s stock after selling 28,175 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Noodles & Company worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Noodles & Company by 129.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 25,122 shares during the last quarter. Creative Planning lifted its position in Noodles & Company by 83.2% during the third quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 60,000 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Noodles & Company during the second quarter valued at $99,000. Finally, Nantahala Capital Management LLC boosted its holdings in Noodles & Company by 6.8% in 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 during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NDLS shares. StockNews.com upgraded Noodles & Company from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. Truist Financial reduced their price target on Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

Noodles & Company Stock Performance

Shares of NASDAQ NDLS opened at $0.69 on Monday. The company has a market capitalization of $31.70 million, a PE ratio of -0.95 and a beta of 1.60. The company has a debt-to-equity ratio of 23.66, a quick ratio of 0.17 and a current ratio of 0.31. The company’s fifty day moving average price is $0.74 and its 200 day moving average price is $1.19. Noodles & Company has a 1 year low of $0.55 and a 1 year high of $2.81.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $122.75 million during the quarter, compared to analyst estimates of $125.43 million. During the same quarter last year, the company posted $0.04 EPS. On average, research analysts predict that Noodles & Company will post -0.46 earnings per share for the current year.

Noodles & Company Profile

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.