BidaskClub cut shares of Noodles & Co (NASDAQ:NDLS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, BidAskClub reports.

A number of other equities analysts also recently commented on NDLS. Zacks Investment Research upgraded Noodles & Co from a hold rating to a buy rating and set a $8.50 price objective on the stock in a research report on Thursday, March 7th. Jefferies Financial Group upgraded Noodles & Co from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research report on Friday, February 22nd. Finally, SunTrust Banks reduced their price objective on Noodles & Co to $13.00 and set a buy rating on the stock in a research report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.63.

NASDAQ NDLS opened at $7.23 on Thursday. The company has a market capitalization of $317.74 million, a PE ratio of 361.50, a PEG ratio of 5.06 and a beta of 0.06. Noodles & Co has a 1-year low of $5.85 and a 1-year high of $13.50. The company has a current ratio of 0.35, a quick ratio of 0.15 and a debt-to-equity ratio of 6.24.

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

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Noodles & Co by 15.7% during the fourth quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock worth $9,254,000 after buying an additional 179,935 shares in the last quarter. Vanguard Group Inc. lifted its position in Noodles & Co by 65.4% during the third quarter. Vanguard Group Inc. now owns 1,265,393 shares of the restaurant operator’s stock worth $15,311,000 after buying an additional 500,531 shares in the last quarter. Vanguard Group Inc lifted its position in Noodles & Co by 65.4% during the third quarter. Vanguard Group Inc now owns 1,265,393 shares of the restaurant operator’s stock worth $15,311,000 after buying an additional 500,531 shares in the last quarter. Tenzing Global Management LLC lifted its position in Noodles & Co by 5.0% during the fourth quarter. Tenzing Global Management LLC now owns 1,050,000 shares of the restaurant operator’s stock worth $7,340,000 after buying an additional 50,000 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in Noodles & Co by 1.8% during the first quarter. Emerald Advisers LLC now owns 1,040,030 shares of the restaurant operator’s stock worth $7,072,000 after buying an additional 18,246 shares in the last quarter. Hedge funds and other institutional investors own 70.07% 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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