Noodles & Company (NASDAQ:NDLS) Announces Earnings Results, Beats Expectations By $0.29 EPS

Noodles & Company (NASDAQ:NDLS) posted its earnings results on Wednesday. The restaurant operator reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.29, FiscalAI reports. The firm had revenue of $122.78 million for the quarter, compared to the consensus estimate of $122.40 million.

Noodles & Company Stock Performance

NDLS traded down $0.49 during midday trading on Wednesday, hitting $6.06. The stock had a trading volume of 80,370 shares, compared to its average volume of 48,444. Noodles & Company has a 1 year low of $3.57 and a 1 year high of $10.00. The business has a fifty day moving average of $5.62 and a 200 day moving average of $5.62. The company has a market cap of $35.45 million, a P/E ratio of -0.77 and a beta of 1.50.

Analyst Upgrades and Downgrades

NDLS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Noodles & Company to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Noodles & Company

A number of institutional investors have recently made changes to their positions in NDLS. Jane Street Group LLC purchased a new position in Noodles & Company in the 1st quarter worth $41,000. Virtu Financial LLC purchased a new stake in Noodles & Company during the fourth quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Noodles & Company by 34,246.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 49,657 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 24,600 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Noodles & Company by 228.5% in the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock worth $67,000 after buying an additional 65,907 shares during the period. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.