Noodles & Company (NASDAQ:NDLS – Get Rating) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.20.
NDLS has been the topic of a number of research analyst reports. StockNews.com cut shares of Noodles & Company from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Piper Sandler cut shares of Noodles & Company from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $7.00 in a research note on Friday, March 18th. TheStreet cut shares of Noodles & Company from a “c-” rating to a “d” rating in a research note on Thursday, April 28th. Stephens dropped their price target on shares of Noodles & Company from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Finally, Zacks Investment Research upgraded shares of Noodles & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 22nd.
In other news, Director Jeffrey W. Jones bought 29,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were acquired at an average price of $6.90 per share, with a total value of $200,100.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.
Shares of Noodles & Company stock traded up $0.63 during trading on Monday, reaching $6.50. 373,981 shares of the company were exchanged, compared to its average volume of 380,354. Noodles & Company has a twelve month low of $4.62 and a twelve month high of $13.55. The company has a quick ratio of 0.15, a current ratio of 0.29 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $5.72 and a 200-day moving average price of $8.18.
Noodles & Company (NASDAQ:NDLS – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The restaurant operator reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.04. Noodles & Company had a negative net margin of 0.16% and a positive return on equity of 4.04%. During the same quarter in the previous year, the firm earned ($0.02) EPS. Research analysts predict that Noodles & Company will post 0.13 EPS for the current year.
About Noodles & Company (Get Rating)
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. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.
- Get a free copy of the StockNews.com research report on Noodles & Company (NDLS)
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