BidaskClub Downgrades Noodles & Co (NDLS) to Hold
Noodles & Co (NASDAQ:NDLS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
A number of other research firms have also weighed in on NDLS. Zacks Investment Research upgraded shares of Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and issued a $6.00 target price on shares of Noodles & Co in a report on Wednesday, January 3rd. Citigroup upped their price objective on shares of Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 price objective on shares of Noodles & Co and gave the stock a “hold” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.00.
Shares of Noodles & Co (NASDAQ NDLS) opened at $6.55 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.57 and a quick ratio of 0.31. Noodles & Co has a fifty-two week low of $3.16 and a fifty-two week high of $6.95. The firm has a market cap of $269.26, a PE ratio of -2.15, a P/E/G ratio of 9.89 and a beta of -0.26.
About Noodles & Co
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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