BidaskClub downgraded shares of Noodles & Co (NASDAQ:NDLS) from a hold rating to a sell rating in a research report released on Friday, BidAskClub reports.

Several other analysts have also recently weighed in on NDLS. ValuEngine raised shares of YPF from a sell rating to a hold rating in a research note on Monday, June 24th. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Saturday, May 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $10.71.

Shares of NASDAQ NDLS opened at $7.70 on Friday. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50. The stock has a market cap of $338.39 million, a PE ratio of 385.00, a PEG ratio of 5.39 and a beta of 0.11. The company has a debt-to-equity ratio of 6.24, a quick ratio of 0.15 and a current ratio of 0.35. The company’s 50-day simple moving average is $7.52.

Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. The company had revenue of $110.05 million during the quarter, compared to analysts’ expectations of $108.93 million. On average, research analysts anticipate that Noodles & Co will post 0.16 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of NDLS. Rhumbline Advisers increased its position in shares of Noodles & Co by 55.8% in the 4th quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 6,115 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Noodles & Co by 560.3% in the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 6,667 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Noodles & Co by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock valued at $2,391,000 after buying an additional 6,676 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Noodles & Co in the 4th quarter valued at $48,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Noodles & Co by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 10,560 shares during the last quarter. Hedge funds and other institutional investors own 69.19% 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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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