Noodles & Company (NASDAQ:NDLS) Share Price Crosses Below Two Hundred Day Moving Average of $2.35

Noodles & Company (NASDAQ:NDLSGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.35 and traded as low as $1.93. Noodles & Company shares last traded at $1.97, with a volume of 102,561 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised Noodles & Company from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Benchmark restated a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research note on Monday, May 13th.

Get Our Latest Stock Analysis on NDLS

Noodles & Company Stock Performance

The stock has a fifty day moving average price of $1.72 and a 200 day moving average price of $2.35. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 3.71. The firm has a market cap of $89.33 million, a price-to-earnings ratio of -6.79 and a beta of 1.80.

Noodles & Company (NASDAQ:NDLSGet Free Report) last announced its earnings results on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $122.17 million. As a group, analysts predict that Noodles & Company will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Noodles & Company during the 1st quarter worth $32,000. Algert Global LLC increased its stake in shares of Noodles & Company by 56.4% in the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 21,820 shares during the period. Barclays PLC increased its stake in shares of 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 during the period. Innovis Asset Management LLC lifted its position in shares of Noodles & Company by 93.5% during the 3rd quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock worth $292,000 after purchasing an additional 57,363 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in Noodles & Company during the 4th quarter valued at approximately $301,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

About Noodles & Company

(Get Free Report)

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.

Further Reading

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