Noodles & Company (NASDAQ:NDLS) Earns Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Noodles & Company (NASDAQ:NDLS) in a research report sent to investors on Monday,Benzinga reports. Benchmark currently has a $3.00 price target on the restaurant operator’s stock.

Separately, StockNews.com upgraded shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th.

Noodles & Company Stock Performance

NDLS opened at $1.21 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. The company’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $1.10. The company has a market cap of $55.27 million, a price-to-earnings ratio of -1.66 and a beta of 1.96. Noodles & Company has a 1-year low of $0.55 and a 1-year high of $2.36.

Noodles & Company (NASDAQ:NDLS) last posted its earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $121.77 million for the quarter, compared to the consensus estimate of $123.43 million. During the same period in the prior year, the business earned ($0.07) EPS. On average, analysts expect that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC raised its holdings in shares of Noodles & Company (NASDAQ:NDLS) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,300 shares of the restaurant operator’s stock after acquiring an additional 21,800 shares during the period. Bridgeway Capital Management LLC owned about 0.32% of Noodles & Company worth $85,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.