StockNews.com Downgrades Noodles & Company (NASDAQ:NDLS) to Sell

StockNews.com lowered shares of Noodles & Company (NASDAQ:NDLS) from a hold rating to a sell rating in a report issued on Wednesday.

Separately, Benchmark reaffirmed a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a research note on Monday.

Noodles & Company Price Performance

Shares of NDLS stock opened at $1.21 on Wednesday. The stock has a market cap of $55.27 million, a price-to-earnings ratio of -1.66 and a beta of 1.96. The business’s fifty day moving average is $1.25 and its 200 day moving average is $1.10. Noodles & Company has a twelve month low of $0.55 and a twelve month high of $2.36. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66.

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 the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $121.77 million during the quarter, compared to analysts’ expectations of $123.43 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. During the same period in the previous year, the company earned ($0.07) earnings per share. Research analysts expect that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC grew its stake in Noodles & Company (NASDAQ:NDLS) by 17.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,300 shares of the restaurant operator’s stock after acquiring an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned 0.32% of Noodles & Company worth $85,000 at the end of the most recent quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

About Noodles & Company

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.