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

Assenagon Asset Management S.A. lowered its position in Noodles & Company (NASDAQ:NDLS) by 43.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,122 shares of the restaurant operator’s stock after selling 19,369 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of Noodles & Company worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Bridgeway Capital Management LLC grew its position 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 buying an additional 21,800 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Noodles & Company Trading Up 0.7%

Noodles & Company stock opened at $0.79 on Friday. The company’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $1.00. The company has a quick ratio of 0.13, a current ratio of 0.29 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 stock has a market cap of $36.18 million, a P/E ratio of -0.92 and a beta of 1.69.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $123.32 million. Noodles & Company had a negative net margin of 7.89% and a negative return on equity of 278.23%. As a group, sell-side analysts forecast that Noodles & Company will post -0.43 EPS for the current fiscal year.

Noodles & Company 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.