Noodles & Company (NASDAQ:NDLS) Upgraded at StockNews.com

StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Separately, Truist Financial lowered their target price on Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Noodles & Company Price Performance

NDLS opened at $1.25 on Tuesday. The stock has a 50-day moving average price of $1.19 and a 200-day moving average price of $1.11. Noodles & Company has a 12-month low of $0.55 and a 12-month high of $2.55. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. The stock has a market capitalization of $56.87 million, a P/E ratio of -1.71 and a beta of 1.77.

Noodles & Company (NASDAQ:NDLS) last posted 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). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $121.77 million during the quarter, compared to analysts’ expectations of $123.43 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities analysts predict that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Noodles & Company by 129.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 25,122 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Noodles & Company by 17.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 147,300 shares of the restaurant operator’s stock worth $85,000 after buying an additional 21,800 shares during the last quarter. Finally, Creative Planning raised its holdings in Noodles & Company by 83.2% in the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 60,000 shares during the period. Institutional investors own 65.67% of the company’s stock.

Noodles & Company 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.