Noodles & Co (NASDAQ:NDLS) Rating Lowered to Sell at BidaskClub

Noodles & Co (NASDAQ:NDLS) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, BidAskClub reports.

NDLS has been the topic of a number of other research reports. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.71.

NDLS opened at $7.70 on Friday. The company has a debt-to-equity ratio of 6.24, a quick ratio of 0.15 and a current ratio of 0.35. The stock has a market capitalization of $338.39 million, a P/E ratio of 256.67, a price-to-earnings-growth ratio of 5.39 and a beta of 0.11. The business has a 50 day simple moving average of $7.52. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $110.05 million for the quarter, compared to the consensus estimate of $108.93 million. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. As a group, research analysts predict that Noodles & Co will post 0.16 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can purchased a new position in shares of Noodles & Co in the fourth quarter worth approximately $48,000. Macquarie Group Ltd. raised its stake in Noodles & Co by 560.3% during the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 6,667 shares during the period. Rhumbline Advisers raised its stake in Noodles & Co by 55.8% during the 4th quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after acquiring an additional 6,115 shares during the period. Bank of America Corp DE raised its stake in Noodles & Co by 501.6% during the 4th quarter. Bank of America Corp DE now owns 17,861 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 14,892 shares during the period. Finally, Squarepoint Ops LLC raised its stake in Noodles & Co by 122.7% during the 4th quarter. Squarepoint Ops LLC now owns 42,300 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 23,307 shares during the period. 69.77% of the stock is currently owned by institutional investors.

About Noodles & Co

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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