Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Noodles & Company (NASDAQ:NDLS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.74 and traded as low as $0.6410. Noodles & Company shares last traded at $0.6503, with a volume of 192,346 shares.

Analyst Ratings Changes

Several equities research analysts have commented on NDLS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. Wall Street Zen raised Noodles & Company to a “sell” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Noodles & Company currently has a consensus rating of “Reduce” and an average target price of $3.00.

Noodles & Company Stock Performance

The stock has a market cap of $30.42 million, a PE ratio of -0.66 and a beta of 1.54. The company has a 50 day moving average of $0.75 and a two-hundred day moving average of $0.74.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $122.09 million during the quarter, compared to the consensus estimate of $119.77 million. As a group, equities research analysts anticipate that Noodles & Company will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 84,987 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Noodles & Company in the first quarter worth approximately $41,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Noodles & Company by 117.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 24,065 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

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.