StockNews.com cut shares of Noodles & Company (NASDAQ:NDLS – Free Report) from a hold rating to a sell rating in a report issued on Thursday morning.
Separately, Benchmark reaffirmed a buy rating and issued a $3.00 price objective on shares of Noodles & Company in a research report on Monday, May 13th.
Read Our Latest Stock Analysis on NDLS
Noodles & Company Stock Performance
Noodles & Company (NASDAQ:NDLS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $122.17 million. Analysts predict that Noodles & Company will post -0.28 earnings per share for the current fiscal year.
Institutional Trading of Noodles & Company
A number of hedge funds have recently made changes to their positions in NDLS. Barclays PLC lifted its holdings in Noodles & Company by 40.8% during the 3rd quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 19,127 shares during the last quarter. Algert Global LLC lifted its holdings in Noodles & Company by 56.4% during the 3rd quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 21,820 shares during the last quarter. Sapient Capital LLC acquired a new stake in Noodles & Company during the 4th quarter worth approximately $301,000. Mill Road Capital Management LLC lifted its holdings in Noodles & Company by 0.3% during the 4th quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after purchasing an additional 19,700 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new stake in Noodles & Company during the 4th quarter worth approximately $443,000. 65.67% of the stock is owned by institutional investors and hedge funds.
Noodles & Company Company Profile
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.
See Also
- Five stocks we like better than Noodles & Company
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What to Know About Investing in Penny Stocks
- MarketBeat Week in Review – 6/24 – 6/28
- Where to Find Earnings Call Transcripts
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Noodles & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Company and related companies with MarketBeat.com's FREE daily email newsletter.