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

Noodles & Company (NASDAQ:NDLS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Separately, Benchmark reaffirmed a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research report on Monday.

Noodles & Company Price Performance

NASDAQ NDLS opened at $1.22 on Wednesday. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The stock’s fifty day moving average price is $1.23 and its 200 day moving average price is $1.10. Noodles & Company has a 1 year low of $0.55 and a 1 year high of $2.36. The company has a market cap of $55.73 million, a price-to-earnings ratio of -1.67 and a beta of 1.96.

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 the consensus estimate 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 firm had revenue of $121.77 million during the quarter, compared to analyst estimates of $123.43 million. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, equities research analysts forecast that Noodles & Company will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Noodles & Company

A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC lifted its position in shares of Noodles & Company (NASDAQ:NDLS) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,300 shares of the restaurant operator’s stock after acquiring an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned 0.32% of Noodles & Company worth $85,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.67% of the company’s stock.

About Noodles & Company

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.