Noodles & Company (NASDAQ:NDLS) received a $4.00 price target from equities research analysts at BMO Capital Markets in a report released on Friday. The firm presently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ target price indicates a potential downside of 9.09% from the stock’s current price.

A number of other equities research analysts also recently weighed in on NDLS. Zacks Investment Research downgraded shares of Noodles & from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Wedbush reiterated a “hold” rating on shares of Noodles & in a research report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $4.50 price target (down from $5.50) on shares of Noodles & in a research report on Friday, August 11th. Piper Jaffray Companies reiterated a “sell” rating and issued a $4.00 price target on shares of Noodles & in a research report on Friday, August 11th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $5.00 price target on shares of Noodles & in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.57.

Noodles & (NDLS) traded up $0.15 on Friday, hitting $4.40. The company’s stock had a trading volume of 455,400 shares, compared to its average volume of 167,712. Noodles & has a 1 year low of $3.16 and a 1 year high of $6.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57.

Noodles & (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Noodles & had a negative return on equity of 6.83% and a negative net margin of 17.41%. The firm had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.45 million. During the same quarter last year, the business posted ($0.04) EPS. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. analysts expect that Noodles & will post -0.01 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Eidelman Virant Capital boosted its holdings in Noodles & by 106.7% in the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock valued at $1,636,000 after purchasing an additional 192,000 shares during the period. Catterton Management Company L.L.C. raised its position in shares of Noodles & by 62.5% during the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock valued at $43,317,000 after buying an additional 4,272,103 shares in the last quarter. State Street Corp raised its position in shares of Noodles & by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after buying an additional 7,823 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Noodles & by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after buying an additional 28,054 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Noodles & by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 491 shares in the last quarter. 65.43% of the stock is owned by hedge funds and other institutional investors.

About Noodles &

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.

Analyst Recommendations for Noodles & (NASDAQ:NDLS)

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