Noodles & Company (NASDAQ:NDLS) Rating Lowered to D at TheStreet

Noodles & Company (NASDAQ:NDLSGet Rating) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other brokerages also recently issued reports on NDLS. Zacks Investment Research upgraded shares of Noodles & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 22nd. Stephens dropped their price target on shares of Noodles & Company from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. BMO Capital Markets dropped their price target on shares of Noodles & Company from $13.00 to $8.00 in a research report on Thursday, February 24th. StockNews.com upgraded shares of Noodles & Company from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Piper Sandler downgraded shares of Noodles & Company from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $7.00 in a research report on Friday, March 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $11.83.

Shares of NASDAQ:NDLS opened at $5.57 on Thursday. The company has a 50-day simple moving average of $5.96 and a 200 day simple moving average of $8.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.17 and a current ratio of 0.29. The company has a market capitalization of $254.60 million, a P/E ratio of -278.36, a price-to-earnings-growth ratio of 2.45 and a beta of 1.51. Noodles & Company has a 52-week low of $4.62 and a 52-week high of $13.55.

Noodles & Company (NASDAQ:NDLSGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Noodles & Company had a negative net margin of 0.16% and a positive return on equity of 3.88%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. As a group, equities analysts forecast that Noodles & Company will post 0.19 earnings per share for the current year.

In other news, Director Jeffrey W. Jones acquired 29,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were acquired at an average cost of $6.90 per share, with a total value of $200,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Noodles & Company by 1.5% during the fourth quarter. BlackRock Inc. now owns 2,511,218 shares of the restaurant operator’s stock worth $22,776,000 after buying an additional 36,802 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Noodles & Company by 39.6% during the fourth quarter. Nuveen Asset Management LLC now owns 1,284,423 shares of the restaurant operator’s stock worth $11,650,000 after buying an additional 364,564 shares during the last quarter. Emerald Advisers LLC grew its stake in shares of Noodles & Company by 12.9% during the first quarter. Emerald Advisers LLC now owns 1,146,289 shares of the restaurant operator’s stock worth $6,843,000 after buying an additional 130,763 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of Noodles & Company by 10.0% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 1,124,275 shares of the restaurant operator’s stock worth $10,197,000 after buying an additional 101,827 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its stake in shares of Noodles & Company by 0.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,014,216 shares of the restaurant operator’s stock worth $9,199,000 after buying an additional 3,592 shares during the last quarter. 92.31% of the stock is currently owned by hedge funds and other institutional investors.

About Noodles & Company (Get Rating)

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. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.

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