Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Noodles & Company (NASDAQ:NDLS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.00 and traded as low as $0.77. Noodles & Company shares last traded at $0.79, with a volume of 106,978 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on NDLS shares. Benchmark restated a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a research report on Monday, March 10th. Wall Street Zen started coverage on shares of Noodles & Company in a research report on Thursday, May 22nd. They issued a “sell” rating on the stock.

Noodles & Company Stock Up 0.7%

The business’s fifty day moving average price is $0.86 and its 200 day moving average price is $1.00. The company has a market capitalization of $36.18 million, a P/E ratio of -0.92 and a beta of 1.69. The company has a current ratio of 0.29, a quick ratio of 0.13 and a debt-to-equity ratio of 23.66.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The business had revenue of $123.79 million for the quarter, compared to the consensus estimate of $123.32 million. Noodles & Company had a negative return on equity of 278.23% and a negative net margin of 7.89%. As a group, equities research analysts predict that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Noodles & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. XTX Topco Ltd acquired a new position in Noodles & Company in the first quarter valued at about $31,000. Jane Street Group LLC bought a new position in shares of Noodles & Company in the first quarter worth about $41,000. Bridgeway Capital Management LLC raised its stake in shares of 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 acquiring an additional 21,800 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Noodles & Company by 331.0% in the first quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 84,987 shares during the last quarter. 65.67% of the stock is owned by institutional investors.

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.