A number of other equities analysts also recently weighed in on the stock. ValuEngine raised shares of Noodles & Co from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Noodles & Co from a sell rating to a hold rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Noodles & Co has an average rating of Hold and a consensus target price of $10.71.
Shares of NASDAQ NDLS opened at $5.47 on Wednesday. Noodles & Co has a twelve month low of $5.44 and a twelve month high of $13.50. The firm has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $7.25. The company has a market capitalization of $249.67 million, a PE ratio of 80.86, a P/E/G ratio of 3.61 and a beta of 0.05. The company has a quick ratio of 0.21, a current ratio of 0.40 and a debt-to-equity ratio of 5.92.
A number of institutional investors and hedge funds have recently bought and sold shares of NDLS. Tower Research Capital LLC TRC bought a new stake in Noodles & Co in the second quarter valued at $31,000. Bank of Montreal Can increased its stake in Noodles & Co by 92.4% in the second quarter. Bank of Montreal Can now owns 5,026 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 2,414 shares in the last quarter. US Bancorp DE increased its stake in Noodles & Co by 61.7% in the second quarter. US Bancorp DE now owns 8,596 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 3,279 shares in the last quarter. Bank of America Corp DE increased its stake in Noodles & Co by 501.6% in the fourth quarter. Bank of America Corp DE now owns 17,861 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 14,892 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Noodles & Co in the second quarter valued at $164,000. 72.59% of the stock is owned by hedge funds and other institutional investors.
About Noodles & Co
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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