Russell Investments Group Ltd. lessened its stake in Noodles & Co (NASDAQ:NDLS) by 31.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 426,341 shares of the restaurant operator’s stock after selling 192,638 shares during the quarter. Russell Investments Group Ltd. owned about 0.97% of Noodles & Co worth $3,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Monarch Partners Asset Management LLC grew its position in Noodles & Co by 20.1% in the second quarter. Monarch Partners Asset Management LLC now owns 74,360 shares of the restaurant operator’s stock valued at $586,000 after acquiring an additional 12,430 shares during the last quarter. Swiss National Bank grew its position in Noodles & Co by 40.4% in the second quarter. Swiss National Bank now owns 49,000 shares of the restaurant operator’s stock valued at $386,000 after acquiring an additional 14,100 shares during the last quarter. Bank of America Corp DE grew its position in Noodles & Co by 501.6% in the fourth quarter. Bank of America Corp DE now owns 17,861 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 14,892 shares during the last quarter. Wells Fargo & Company MN grew its position in Noodles & Co by 22.0% in the second quarter. Wells Fargo & Company MN now owns 246,392 shares of the restaurant operator’s stock valued at $1,942,000 after acquiring an additional 44,488 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Noodles & Co in the second quarter valued at about $383,000. 71.16% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Noodles & Co from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Sunday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.71.

Shares of NASDAQ:NDLS traded up $0.12 during midday trading on Monday, hitting $6.36. 49,387 shares of the stock were exchanged, compared to its average volume of 389,261. The stock has a market capitalization of $271.29 million, a price-to-earnings ratio of 317.75, a P/E/G ratio of 3.93 and a beta of 0.25. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.21 and a current ratio of 0.40. The business’s 50-day moving average price is $6.38 and its 200 day moving average price is $7.09. Noodles & Co has a 12 month low of $5.13 and a 12 month high of $13.50.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $117.72 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, sell-side analysts expect that Noodles & Co will post 0.16 EPS for the current year.

Noodles & Co Profile

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.

Featured Story: Why is the conference call important?

Institutional Ownership by Quarter for Noodles & Co (NASDAQ:NDLS)

Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with MarketBeat.com's FREE daily email newsletter.