Noodles & Company (NASDAQ:NDLS) Given “Sell (E+)” Rating at Weiss Ratings

Noodles & Company (NASDAQ:NDLS)‘s stock had its “sell (e+)” rating restated by stock analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Benchmark lowered shares of Noodles & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.00.

Noodles & Company Stock Down 6.4%

NDLS opened at $0.79 on Friday. Noodles & Company has a twelve month low of $0.55 and a twelve month high of $1.74. The stock has a market capitalization of $36.80 million, a price-to-earnings ratio of -0.84 and a beta of 1.60. The firm has a 50 day moving average price of $0.68 and a 200-day moving average price of $0.80.

Noodles & Company (NASDAQ:NDLS) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The business had revenue of $126.43 million for the quarter, compared to analyst estimates of $131.20 million. Noodles & Company has set its FY 2025 guidance at EPS. As a group, analysts expect that Noodles & Company will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Noodles & Company during the 1st quarter worth about $31,000. Jane Street Group LLC acquired a new stake in Noodles & Company in the 1st quarter worth approximately $41,000. Finally, Goldman Sachs Group Inc. boosted its stake in Noodles & Company by 331.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 84,987 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

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.