Noodles & Company (NASDAQ:NDLS) Stock Price Passes Below 200-Day Moving Average of $2.52

Noodles & Company (NASDAQ:NDLS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.52 and traded as low as $1.50. Noodles & Company shares last traded at $1.51, with a volume of 342,517 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark cut their price objective on Noodles & Company from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 12th. StockNews.com lowered Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday, March 8th.

Noodles & Company Stock Performance

The firm has a market capitalization of $67.93 million, a P/E ratio of -6.86 and a beta of 1.65. The stock has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $2.52. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.34 and a quick ratio of 0.18.

Noodles & Company (NASDAQ:NDLS) last issued its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The business had revenue of $124.32 million during the quarter, compared to the consensus estimate of $124.95 million. Noodles & Company had a negative return on equity of 13.20% and a negative net margin of 1.96%. On average, research analysts predict that Noodles & Company will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Noodles & Company

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in Noodles & Company by 40.8% in the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 19,127 shares in the last quarter. Algert Global LLC increased its holdings in shares of Noodles & Company by 56.4% during the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock valued at $149,000 after acquiring an additional 21,820 shares in the last quarter. Innovis Asset Management LLC increased its holdings in shares of Noodles & Company by 93.5% during the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock valued at $292,000 after acquiring an additional 57,363 shares in the last quarter. Portside Wealth Group LLC bought a new stake in shares of Noodles & Company during the second quarter valued at approximately $42,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Noodles & Company during the third quarter valued at approximately $29,000. 65.67% of the stock is currently owned by institutional investors.

About Noodles & Company

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. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.