Noodles & Company (NASDAQ:NDLS) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Noodles & Company (NASDAQ:NDLS) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.42 and traded as high as $5.64. Noodles & Company shares last traded at $5.17, with a volume of 119,932 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NDLS. Wall Street Zen raised shares of Noodles & Company to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Noodles & Company presently has a consensus rating of “Reduce” and a consensus target price of $24.00.

Noodles & Company Trading Down 1.3%

The firm has a 50-day moving average of $5.42 and a two-hundred day moving average of $5.62. The firm has a market capitalization of $30.24 million, a P/E ratio of -0.65 and a beta of 1.54.

Institutional Investors Weigh In On Noodles & Company

Several hedge funds and other institutional investors have recently made changes to their positions in NDLS. Assenagon Asset Management S.A. lifted its stake in Noodles & Company by 117.0% in 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 last quarter. Renaissance Technologies LLC increased its holdings in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after buying an additional 24,600 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Noodles & Company by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 27,384 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Noodles & Company during the 1st quarter valued at $41,000. Finally, Virtu Financial LLC acquired a new stake in shares of Noodles & Company during the 4th quarter valued at $28,000. 65.67% of the stock is owned by institutional investors.

About Noodles & Company

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.