Noodles & Company (NASDAQ:NDLS) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Noodles & Company (NASDAQ:NDLS) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the restaurant operator’s stock.

Separately, Benchmark reiterated a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a report on Monday, March 10th.

Noodles & Company Trading Up 3.7%

Shares of NASDAQ:NDLS opened at $0.86 on Wednesday. Noodles & Company has a 1 year low of $0.55 and a 1 year high of $2.23. The company has a market cap of $39.57 million, a P/E ratio of -1.18 and a beta of 1.77. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The stock’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.02.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $123.79 million during the quarter, compared to the consensus estimate of $123.32 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. Sell-side analysts expect that Noodles & Company will post -0.43 earnings per share for the current year.

Institutional Trading of Noodles & Company

An institutional investor recently bought a new position in Noodles & Company stock. XTX Topco Ltd acquired a new stake in Noodles & Company (NASDAQ:NDLS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,273 shares of the restaurant operator’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.06% of Noodles & Company at the end of the most recent reporting period. 65.67% of the stock is currently owned by institutional investors and hedge funds.

About Noodles & Company

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.