Somewhat Critical News Coverage Somewhat Unlikely to Impact Noodles & Co (NDLS) Share Price
News articles about Noodles & Co (NASDAQ:NDLS) have been trending somewhat negative this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noodles & Co earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.6550736297816 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Noodles & Co (NASDAQ:NDLS) traded down $0.10 on Monday, reaching $4.95. The company’s stock had a trading volume of 138,700 shares, compared to its average volume of 173,591. Noodles & Co has a 52 week low of $3.16 and a 52 week high of $6.00. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78.
Noodles & Co (NASDAQ:NDLS) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The business had revenue of $114.20 million for the quarter, compared to analyst estimates of $114.45 million. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. equities analysts predict that Noodles & Co will post -0.03 earnings per share for the current fiscal year.
Several research analysts have commented on the company. Citigroup lifted their price target on Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Jefferies Group reaffirmed a “hold” rating and set a $4.50 price target (down previously from $5.50) on shares of Noodles & Co in a research report on Friday, August 11th. Wedbush reaffirmed a “hold” rating on shares of Noodles & Co in a research report on Friday, August 11th. SunTrust Banks reaffirmed a “hold” rating and set a $5.00 price target on shares of Noodles & Co in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.75.
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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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