Noodles & Company (NDLS) Receives $4.57 Average Price Target from Brokerages

Shares of Noodles & Company (NASDAQ:NDLS) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.57.

A number of research firms have recently weighed in on NDLS. SunTrust Banks, Inc. restated a “hold” rating and set a $5.00 price target on shares of Noodles & in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Noodles & from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Wedbush restated a “hold” rating on shares of Noodles & in a report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and set a $4.50 price target (down previously from $5.50) on shares of Noodles & in a report on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “sell” rating and issued a $4.00 target price on shares of Noodles & in a research note on Friday, August 11th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eidelman Virant Capital grew its position in Noodles & by 106.7% in the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock worth $1,636,000 after purchasing an additional 192,000 shares during the last quarter. Catterton Management Company L.L.C. grew its position in Noodles & by 62.5% in the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock worth $43,317,000 after purchasing an additional 4,272,103 shares during the last quarter. State Street Corp grew its position in Noodles & by 4.6% in the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock worth $698,000 after purchasing an additional 7,823 shares during the last quarter. Vanguard Group Inc. grew its position in Noodles & by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock worth $1,694,000 after purchasing an additional 28,054 shares during the last quarter. Finally, Northern Trust Corp grew its position in Noodles & by 0.3% in the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 491 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

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Noodles & (NDLS) traded up $0.03 during trading on Thursday, hitting $4.50. 17,807 shares of the stock were exchanged, compared to its average volume of 112,261. The company has a current ratio of 0.55, a quick ratio of 0.31 and a debt-to-equity ratio of 1.39. Noodles & has a fifty-two week low of $3.16 and a fifty-two week high of $6.00.

Noodles & (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $112.79 million for the quarter, compared to the consensus estimate of $113.98 million. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. research analysts expect that Noodles & will post -0.01 EPS for the current year.

Noodles & Company Profile

Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

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