Royce & Associates LP Decreases Holdings in Noodles & Company (NASDAQ:NDLS)

Royce & Associates LP cut its holdings in shares of Noodles & Company (NASDAQ:NDLS) by 43.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,265,916 shares of the restaurant operator’s stock after selling 969,010 shares during the quarter. Royce & Associates LP owned 2.77% of Noodles & Company worth $733,000 at the end of the most recent quarter.

Noodles & Company Stock Up 2.8 %

Shares of NASDAQ NDLS opened at $1.11 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66. Noodles & Company has a 52 week low of $0.55 and a 52 week high of $2.36. The firm’s fifty day moving average is $1.31 and its 200 day moving average is $1.08. The company has a market cap of $50.77 million, a price-to-earnings ratio of -1.52 and a beta of 1.96.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $121.77 million for the quarter, compared to analysts’ expectations of $123.43 million. Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, equities research analysts expect that Noodles & Company will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NDLS shares. Benchmark reaffirmed a “buy” rating and issued a $3.00 target price on shares of Noodles & Company in a research note on Monday, March 10th. StockNews.com downgraded shares of Noodles & Company from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th.

Noodles & 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.