Noodles & Company (NASDAQ:NDLS) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Noodles & Company (NASDAQ:NDLS) by 129.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,491 shares of the restaurant operator’s stock after purchasing an additional 25,122 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of Noodles & Company worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nantahala Capital Management LLC raised its holdings in shares of Noodles & Company by 6.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock valued at $6,807,000 after buying an additional 275,000 shares during the period. Vanguard Group Inc. increased its stake in Noodles & Company by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after purchasing an additional 17,000 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Noodles & Company during the first quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Noodles & Company in the second quarter valued at approximately $99,000. Finally, Creative Planning grew its holdings in shares of Noodles & Company by 83.2% in the third quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 60,000 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Noodles & Company from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th.

Noodles & Company Stock Down 2.6 %

NDLS stock opened at $1.14 on Tuesday. The company’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.58. The firm has a market capitalization of $52.03 million, a price-to-earnings ratio of -2.04 and a beta of 1.73. Noodles & Company has a fifty-two week low of $1.06 and a fifty-two week high of $3.50. The company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $127.35 million for the quarter, compared to analyst estimates of $130.45 million. Noodles & Company had a negative net margin of 5.03% and a negative return on equity of 42.03%. During the same period last year, the business earned ($0.02) EPS. On average, equities research analysts anticipate that Noodles & Company will post -0.33 EPS for the current fiscal year.

Noodles & Company Company Profile

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.