Sapient Capital LLC Sells 33,355 Shares of Noodles & Company (NASDAQ:NDLS)

Sapient Capital LLC decreased its position in shares of Noodles & Company (NASDAQ:NDLS) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,790 shares of the restaurant operator’s stock after selling 33,355 shares during the quarter. Sapient Capital LLC’s holdings in Noodles & Company were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDLS. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Noodles & Company in the 1st quarter worth approximately $32,000. Sierra Summit Advisors LLC acquired a new position in shares of Noodles & Company in the 4th quarter worth approximately $443,000. Vanguard Group Inc. lifted its position in shares of Noodles & Company by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after purchasing an additional 17,000 shares during the period. Finally, Mill Road Capital Management LLC lifted its position in shares of 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 worth $21,941,000 after purchasing an additional 19,700 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Analyst Ratings Changes

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

Noodles & Company Stock Performance

NDLS traded up $0.12 during trading on Monday, hitting $1.60. 148,817 shares of the company traded hands, compared to its average volume of 260,696. The firm has a market cap of $72.55 million, a P/E ratio of -5.10 and a beta of 1.77. The stock’s fifty day moving average is $1.77 and its 200 day moving average is $1.94. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 3.71. Noodles & Company has a one year low of $1.11 and a one year high of $3.50.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $127.35 million during the quarter, compared to analyst estimates of $130.45 million. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, equities analysts predict that Noodles & Company will post -0.28 EPS for the current fiscal year.

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.