Noodles & Company (NASDAQ:NDLS) Rating Lowered to Sell at StockNews.com

Noodles & Company (NASDAQ:NDLS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Truist Financial dropped their target price on shares of 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 Up 27.5 %

NASDAQ NDLS opened at $1.39 on Friday. Noodles & Company has a 1-year low of $0.55 and a 1-year high of $2.81. The company has a market capitalization of $63.49 million, a price-to-earnings ratio of -1.90 and a beta of 1.60. The stock’s 50 day moving average is $0.73 and its two-hundred day moving average is $1.14. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. The company had revenue of $122.75 million during the quarter, compared to analyst estimates of $125.43 million. During the same period in the prior year, the firm earned $0.04 EPS. Equities analysts forecast that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A number of hedge funds and other institutional investors have recently bought and sold shares of NDLS. Assenagon Asset Management S.A. boosted its stake in Noodles & Company by 129.7% in the third quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 25,122 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Noodles & Company in the second quarter valued at about $99,000. Creative Planning lifted its position in Noodles & Company by 83.2% during the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock worth $159,000 after buying an additional 60,000 shares in the last quarter. Finally, Nantahala Capital Management LLC grew its holdings in Noodles & Company by 6.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock worth $6,807,000 after acquiring an additional 275,000 shares during the last quarter. 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.