Noodles & Company (NASDAQ:NDLS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Noodles & Company (NASDAQ:NDLS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.07 and traded as low as $1.03. Noodles & Company shares last traded at $1.09, with a volume of 78,416 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on NDLS shares. StockNews.com lowered shares of Noodles & Company from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Benchmark reissued a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research note on Monday, March 10th.

Noodles & Company Stock Down 3.5 %

The firm has a 50 day moving average price of $1.35 and a 200-day moving average price of $1.07. The firm has a market cap of $49.85 million, a price-to-earnings ratio of -1.49 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 (NASDAQ:NDLS) last released its earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. The business had revenue of $121.77 million for the quarter, compared to analyst estimates of $123.43 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. As a group, equities analysts predict that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC raised its stake in shares of Noodles & Company (NASDAQ:NDLS) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,300 shares of the restaurant operator’s stock after buying an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned about 0.32% of Noodles & Company worth $85,000 at the end of the most recent reporting period. 65.67% of the stock is owned by institutional investors and hedge funds.

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.