Noodles & Company (NASDAQ:NDLS) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Noodles & Company (NASDAQ:NDLS) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.37 and traded as high as $8.70. Noodles & Company shares last traded at $8.52, with a volume of 36,477 shares traded.

Analyst Ratings Changes

Several research firms recently commented on NDLS. Wall Street Zen upgraded Noodles & Company from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Noodles & Company presently has an average rating of “Reduce”.

Noodles & Company Trading Up 1.3%

The firm has a fifty day moving average of $6.37 and a 200 day moving average of $5.98. The company has a market capitalization of $50.18 million, a P/E ratio of -1.15 and a beta of 1.18.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings results on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29. The firm had revenue of $122.78 million for the quarter, compared to the consensus estimate of $122.40 million. Sell-side analysts anticipate that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A number of large investors have recently made changes to their positions in NDLS. Virtu Financial LLC bought a new stake in shares of Noodles & Company during the 4th quarter valued at about $28,000. Assenagon Asset Management S.A. grew its stake in shares of Noodles & Company by 117.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 24,065 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Noodles & Company by 34,246.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 49,657 shares during the period. Jane Street Group LLC bought a new stake in shares of Noodles & Company during the 1st quarter valued at about $41,000. Finally, Renaissance Technologies LLC grew its stake in shares of Noodles & Company by 35.7% during the 4th quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 24,600 shares during the period. 65.67% of the stock is currently owned by institutional investors.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.