Investment analysts at Maxim Group initiated coverage on shares of Noodles & Co (NASDAQ:NDLS) in a report issued on Friday, The Fly reports. The firm set a “buy” rating and a $12.00 price target on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 39.53% from the stock’s previous close.

A number of other research firms have also recently commented on NDLS. TheStreet raised Noodles & Co from a “d+” rating to a “c-” rating in a report on Wednesday, January 15th. ValuEngine cut Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Zacks Investment Research cut Noodles & Co from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price objective on shares of Noodles & Co in a report on Friday, November 22nd. Finally, BidaskClub raised Noodles & Co from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $10.44.

NASDAQ NDLS opened at $8.60 on Friday. The stock’s 50 day moving average is $6.70 and its 200 day moving average is $6.04. The company has a current ratio of 0.39, a quick ratio of 0.19 and a debt-to-equity ratio of 5.31. Noodles & Co has a 12 month low of $4.45 and a 12 month high of $9.04. The stock has a market cap of $357.17 million, a PE ratio of 143.33, a P/E/G ratio of 3.08 and a beta of 0.18.

Several institutional investors and hedge funds have recently modified their holdings of NDLS. Citigroup Inc. lifted its stake in shares of Noodles & Co by 149.2% during the 4th quarter. Citigroup Inc. now owns 5,724 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 3,427 shares during the last quarter. California Public Employees Retirement System bought a new stake in Noodles & Co during the fourth quarter worth about $113,000. Barclays PLC grew its stake in Noodles & Co by 57.0% during the fourth quarter. Barclays PLC now owns 28,554 shares of the restaurant operator’s stock worth $158,000 after buying an additional 10,363 shares during the last quarter. PEAK6 Investments LLC bought a new stake in Noodles & Co during the fourth quarter worth about $164,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Noodles & Co during the second quarter worth about $168,000. 74.22% of the stock is currently owned by institutional investors and hedge funds.

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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