Noodles & Company $NDLS Shares Sold by Archon Capital Management LLC

Archon Capital Management LLC cut its holdings in Noodles & Company (NASDAQ:NDLS) by 93.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,191 shares of the restaurant operator’s stock after selling 621,769 shares during the period. Archon Capital Management LLC owned 0.10% of Noodles & Company worth $32,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NDLS. Goldman Sachs Group Inc. boosted its holdings in shares of Noodles & Company by 331.0% during the first 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 during the last quarter. XTX Topco Ltd acquired a new position in Noodles & Company in the first quarter valued at $31,000. Finally, Jane Street Group LLC purchased a new position in Noodles & Company during the first quarter worth about $41,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on NDLS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a report on Wednesday, October 8th. Benchmark cut shares of Noodles & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $3.00.

Noodles & Company Trading Down 0.9%

NASDAQ:NDLS opened at $0.94 on Friday. The firm’s fifty day simple moving average is $0.70 and its 200 day simple moving average is $0.76. Noodles & Company has a twelve month low of $0.55 and a twelve month high of $1.74. The firm has a market capitalization of $44.02 million, a price-to-earnings ratio of -0.95 and a beta of 1.52.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $122.09 million during the quarter, compared to analysts’ expectations of $119.77 million. On average, analysts predict that Noodles & Company will post -0.43 earnings per share for the current 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.