Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below Two Hundred Day Moving Average of $1.81

Noodles & Company (NASDAQ:NDLS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.81 and traded as low as $1.43. Noodles & Company shares last traded at $1.49, with a volume of 73,457 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NDLS shares. Benchmark reiterated a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a report on Monday, May 13th. Truist Financial reiterated a “buy” rating and set a $4.00 target price on shares of Noodles & Company in a research note on Monday, July 1st. Finally, StockNews.com upgraded shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

Noodles & Company Stock Down 6.0 %

The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 8.79. The business’s fifty day moving average price is $1.61 and its 200 day moving average price is $1.81. The company has a market capitalization of $63.48 million, a P/E ratio of -4.83 and a beta of 1.77.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $127.35 million during the quarter, compared to analysts’ expectations of $130.45 million. Noodles & Company had a negative net margin of 5.03% and a negative return on equity of 42.03%. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, equities research analysts predict that Noodles & Company will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of Noodles & Company

Several large investors have recently added to or reduced their stakes in the company. Mill Road Capital Management LLC raised its stake in shares of Noodles & Company by 0.3% in the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after acquiring an additional 19,700 shares during the last quarter. Nantahala Capital Management LLC lifted its holdings in Noodles & Company by 6.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock worth $6,807,000 after buying an additional 275,000 shares in the last quarter. Vanguard Group Inc. boosted its position in Noodles & Company by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock valued at $4,611,000 after buying an additional 17,000 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in shares of Noodles & Company in the 4th quarter valued at $443,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Noodles & Company during the second quarter worth $99,000. 65.67% of the stock is owned by 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.