Noodles & Company (NASDAQ:NDLS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Noodles & Company (NASDAQ:NDLS) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.09 and traded as low as $1.05. Noodles & Company shares last traded at $1.10, with a volume of 88,093 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on NDLS shares. StockNews.com lowered Noodles & Company from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Benchmark reiterated a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a report on Monday, March 10th.

Noodles & Company Stock Up 2.8 %

The stock has a fifty day moving average of $1.30 and a 200 day moving average of $1.09. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The firm has a market capitalization of $50.77 million, a P/E ratio of -1.52 and a beta of 1.96.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The company had revenue of $121.77 million during the quarter, compared to analysts’ expectations of $123.43 million. During the same period last year, the firm posted ($0.07) earnings per share. On average, research analysts anticipate that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC raised its position in Noodles & Company (NASDAQ:NDLS) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,300 shares of the restaurant operator’s stock after buying an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned about 0.32% of Noodles & Company worth $85,000 at the end of the most recent reporting period. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Noodles & Company Company Profile

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.