Noodles & Company (NASDAQ:NDLS) Receives Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of Noodles & Company (NASDAQ:NDLS) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $3.00 target price on the restaurant operator’s stock.

Separately, StockNews.com raised shares of Noodles & Company from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th.

Noodles & Company Stock Down 6.7 %

Shares of NASDAQ:NDLS opened at $1.32 on Monday. The stock’s 50-day moving average is $1.22 and its 200 day moving average is $1.10. The company has a market cap of $60.30 million, a PE ratio of -1.81 and a beta of 1.96. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. Noodles & Company has a 1 year low of $0.55 and a 1 year high of $2.36.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $121.77 million during the quarter, compared to the consensus estimate of $123.43 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Sell-side analysts anticipate that Noodles & Company will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Noodles & Company

An institutional investor recently raised its position in Noodles & Company stock. Creative Planning grew its holdings in shares of Noodles & Company (NASDAQ:NDLS) by 83.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,130 shares of the restaurant operator’s stock after buying an additional 60,000 shares during the period. Creative Planning owned 0.29% of Noodles & Company worth $159,000 as of its most recent SEC filing. Institutional investors own 65.67% of the company’s stock.

Noodles & Company 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.