Noodles & Company (NASDAQ:NDLS) PT Lowered to $3.00 at Benchmark

Noodles & Company (NASDAQ:NDLS) had its target price cut by Benchmark from $4.00 to $3.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Separately, StockNews.com downgraded Noodles & Company from a hold rating to a sell rating in a report on Friday, March 8th.

Noodles & Company Price Performance

Shares of Noodles & Company stock opened at $1.40 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.18 and a debt-to-equity ratio of 2.95. The company’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $2.45. Noodles & Company has a 52 week low of $1.11 and a 52 week high of $5.00.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $124.32 million for the quarter, compared to analyst estimates of $124.95 million. Noodles & Company had a negative return on equity of 13.20% and a negative net margin of 1.96%. Equities research analysts expect that Noodles & Company will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Noodles & Company

Large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC acquired a new position in shares of Noodles & Company in the 3rd quarter valued at about $29,000. Algert Global LLC grew its stake in shares of Noodles & Company by 56.4% in the 3rd quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock valued at $149,000 after buying an additional 21,820 shares in the last quarter. Barclays PLC grew its stake in shares of Noodles & Company by 40.8% in the 3rd quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 19,127 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Noodles & Company in the 4th quarter valued at approximately $301,000. Finally, Innovis Asset Management LLC grew its stake in shares of Noodles & Company by 93.5% in the 3rd quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator’s stock valued at $292,000 after buying an additional 57,363 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

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.