Goldman Sachs Group Inc. Has $121,000 Holdings in Noodles & Company $NDLS

Goldman Sachs Group Inc. lifted its stake in shares of Noodles & Company (NASDAQ:NDLS) by 331.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,666 shares of the restaurant operator’s stock after acquiring an additional 84,987 shares during the quarter. Goldman Sachs Group Inc. owned about 0.24% of Noodles & Company worth $121,000 as of its most recent filing with the SEC.

Separately, XTX Topco Ltd bought a new stake in shares of Noodles & Company during the 1st quarter worth about $31,000. Institutional investors own 65.67% of the company’s stock.

Noodles & Company Stock Up 3.2%

Shares of NASDAQ:NDLS opened at $0.64 on Tuesday. The business has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.85. Noodles & Company has a twelve month low of $0.55 and a twelve month high of $1.74. The company has a market cap of $29.68 million, a price-to-earnings ratio of -0.68 and a beta of 1.62.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Noodles & Company had a negative net margin of 8.70% and a negative return on equity of 278.23%. The business had revenue of $126.43 million for the quarter, compared to the consensus estimate of $131.20 million. Noodles & Company has set its FY 2025 guidance at EPS. Analysts anticipate that Noodles & Company will post -0.43 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark downgraded Noodles & Company from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Noodles & Company has a consensus rating of “Moderate Buy” and a consensus target price of $3.00.

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.