Jane Street Group LLC Has $56,000 Holdings in Noodles & Company (NASDAQ:NDLS)

Jane Street Group LLC cut its position in Noodles & Company (NASDAQ:NDLS) by 73.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,600 shares of the restaurant operator’s stock after selling 128,254 shares during the period. Jane Street Group LLC owned 0.10% of Noodles & Company worth $56,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake 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 worth $53,000 after acquiring an additional 25,122 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Noodles & Company in the 2nd quarter valued at $99,000. Creative Planning lifted its stake in shares of Noodles & Company by 83.2% in the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Nantahala Capital Management LLC increased its stake in shares of 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 worth $6,807,000 after buying an additional 275,000 shares during the period. 65.67% of the stock is owned by institutional investors and hedge funds.

Noodles & Company Stock Up 15.5 %

Shares of NDLS stock opened at $0.73 on Thursday. Noodles & Company has a 12 month low of $0.55 and a 12 month high of $2.81. The company has a 50 day simple moving average of $0.71 and a two-hundred day simple moving average of $1.17. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. The stock has a market cap of $33.35 million, a P/E ratio of -1.00 and a beta of 1.60.

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

Wall Street Analyst Weigh In

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

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.