Noodles & Company (NASDAQ:NDLS) Stock Rating Upgraded by 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 Thursday.

Separately, Benchmark reiterated a buy rating and set a $3.00 price objective on shares of Noodles & Company in a research report on Monday, May 13th.

Noodles & Company Stock Up 1.6 %

NDLS stock opened at $1.88 on Thursday. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.31 and a quick ratio of 0.17. The company’s 50 day simple moving average is $1.72 and its 200-day simple moving average is $2.37. Noodles & Company has a 12 month low of $1.11 and a 12 month high of $3.98. The firm has a market capitalization of $85.26 million, a PE ratio of -6.48 and a beta of 1.69.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Wednesday, May 8th. The restaurant operator reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The firm had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $122.17 million. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. Equities analysts expect that Noodles & Company will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Noodles & Company

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Noodles & Company by 40.8% during the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 19,127 shares during the last quarter. Innovis Asset Management LLC lifted its position in Noodles & Company by 93.5% during the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock worth $292,000 after buying an additional 57,363 shares during the period. Algert Global LLC boosted its stake in Noodles & Company by 56.4% in the 3rd quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after buying an additional 21,820 shares during the last quarter. Sapient Capital LLC purchased a new stake in Noodles & Company in the 4th quarter valued at about $301,000. Finally, Mill Road Capital Management LLC grew its holdings in Noodles & Company by 0.3% in the 4th quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock valued at $21,941,000 after buying an additional 19,700 shares during the period. 65.67% of the stock is owned by hedge funds and other institutional investors.

Noodles & Company Company Profile

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. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.