Millennium Management LLC Has $183,000 Position in Noodles & Company (NASDAQ:NDLS)

Millennium Management LLC lowered its holdings in Noodles & Company (NASDAQ:NDLS) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 316,829 shares of the restaurant operator’s stock after selling 22,252 shares during the quarter. Millennium Management LLC owned about 0.69% of Noodles & Company worth $183,000 as of its most recent filing with the SEC.

Separately, Bridgeway Capital Management LLC boosted its stake in Noodles & Company by 17.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 147,300 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 21,800 shares in the last quarter. 65.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NDLS shares. Wall Street Zen began coverage on Noodles & Company in a research note on Thursday, May 22nd. They issued a “sell” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research note on Monday, March 10th.

Noodles & Company Trading Down 9.0%

Shares of NDLS opened at $0.80 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66. Noodles & Company has a 12-month low of $0.55 and a 12-month high of $2.18. The firm has a market capitalization of $36.81 million, a PE ratio of -1.10 and a beta of 1.69. The stock’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $1.00.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. The firm had revenue of $123.79 million for the quarter, compared to analyst estimates of $123.32 million. As a group, research analysts predict that Noodles & Company will post -0.43 earnings per share for the current year.

Noodles & Company Profile

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.