Noodles & Co (NASDAQ:NDLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “

Other research analysts have also issued research reports about the company. Citigroup lifted their price target on Noodles & Co from $9.00 to $13.50 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Wedbush reiterated a “neutral” rating on shares of Noodles & Co in a research report on Monday, April 2nd. BMO Capital Markets lifted their price target on Noodles & Co from $6.00 to $10.00 and gave the stock a “market perform” rating in a research report on Thursday. They noted that the move was a valuation call. BidaskClub upgraded Noodles & Co from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Finally, ValuEngine upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Noodles & Co has an average rating of “Hold” and an average price target of $8.88.

Shares of NDLS stock opened at $11.75 on Friday. Noodles & Co has a 12-month low of $3.50 and a 12-month high of $13.30. The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $483.64 million, a PE ratio of -587.50, a PEG ratio of 67.14 and a beta of -0.47.

Noodles & Co (NASDAQ:NDLS) last issued its earnings results on Wednesday, July 18th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Noodles & Co had a negative return on equity of 0.43% and a negative net margin of 4.03%. The firm had revenue of $117.40 million during the quarter, compared to the consensus estimate of $114.16 million. During the same period last year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts predict that Noodles & Co will post 0.04 EPS for the current year.

In related news, insider Susan Daggett sold 7,500 shares of Noodles & Co stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $9.58, for a total value of $71,850.00. Following the completion of the transaction, the insider now owns 23,800 shares in the company, valued at $228,004. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 50.52% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in shares of Noodles & Co by 113.2% during the fourth quarter. Deutsche Bank AG now owns 25,646 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 13,618 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Noodles & Co by 79.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 53,121 shares of the restaurant operator’s stock valued at $279,000 after buying an additional 23,496 shares during the period. BlackRock Inc. boosted its position in shares of Noodles & Co by 3.2% during the fourth quarter. BlackRock Inc. now owns 840,837 shares of the restaurant operator’s stock valued at $4,415,000 after buying an additional 26,022 shares during the period. Two Sigma Investments LP purchased a new position in shares of Noodles & Co during the fourth quarter valued at approximately $147,000. Finally, Millennium Management LLC boosted its position in shares of Noodles & Co by 414.2% during the fourth quarter. Millennium Management LLC now owns 58,906 shares of the restaurant operator’s stock valued at $309,000 after buying an additional 47,451 shares during the period. Institutional investors and hedge funds own 51.92% of the company’s stock.

About Noodles & Co

Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.

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Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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