Noodles & Company (NASDAQ:NDLS – Get Rating) has earned an average rating of "Hold" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $7.75.
A number of research analysts recently issued reports on the company. Stephens started coverage on Noodles & Company in a report on Thursday, September 22nd. They issued an "overweight" rating and a $7.00 price target for the company. TheStreet raised shares of Noodles & Company from a "d+" rating to a "c-" rating in a research note on Friday, October 21st. BMO Capital Markets boosted their price objective on shares of Noodles & Company from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Monday, November 7th. Finally, StockNews.com started coverage on Noodles & Company in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.
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Insider Buying and Selling at Noodles & Company
In other Noodles & Company news, major shareholder Mill Road Capital Iii, L.P. bought 6,411 shares of the company's stock in a transaction on Friday, December 23rd. The stock was bought at an average price of $4.95 per share, for a total transaction of $31,734.45. Following the transaction, the insider now owns 1,021,971 shares of the company's stock, valued at approximately $5,058,756.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.
Hedge Funds Weigh In On Noodles & Company
Several institutional investors have recently modified their holdings of NDLS. First Heartland Consultants Inc. bought a new stake in Noodles & Company in the fourth quarter valued at approximately $80,000. Bank of New York Mellon Corp increased its position in shares of Noodles & Company by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 125,034 shares of the restaurant operator's stock valued at $587,000 after buying an additional 10,721 shares in the last quarter. State Street Corp raised its stake in Noodles & Company by 0.7% during the 3rd quarter. State Street Corp now owns 650,593 shares of the restaurant operator's stock worth $3,058,000 after buying an additional 4,439 shares during the period. Algert Global LLC bought a new position in Noodles & Company during the third quarter worth about $114,000. Finally, Two Sigma Advisers LP grew its stake in Noodles & Company by 8.4% in the third quarter. Two Sigma Advisers LP now owns 237,000 shares of the restaurant operator's stock valued at $1,114,000 after acquiring an additional 18,300 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Noodles & Company Price Performance
Shares of Noodles & Company stock opened at $5.83 on Friday. The stock has a market capitalization of $268.33 million, a price-to-earnings ratio of -30.68 and a beta of 1.42. The firm's 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.28. The company has a current ratio of 0.33, a quick ratio of 0.17 and a debt-to-equity ratio of 0.99. Noodles & Company has a 1-year low of $4.25 and a 1-year high of $9.63.
Noodles & Company (NASDAQ:NDLS – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The restaurant operator reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Noodles & Company had a negative return on equity of 12.13% and a negative net margin of 1.85%. The business had revenue of $129.38 million for the quarter, compared to the consensus estimate of $127.06 million. On average, equities analysts predict that Noodles & Company will post -0.01 earnings per share for the current fiscal year.
Noodles & Company Company Profile
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Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.
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