Somewhat Positive News Coverage Somewhat Unlikely to Affect Noodles & (NDLS) Stock Price
Media coverage about Noodles & (NASDAQ:NDLS) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noodles & earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 46.1458997481894 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Financial Review: Noodles & (NDLS) and Fogo de Chao (FOGO) (americanbankingnews.com)
- Noodles & C : mpany Continues Fight Against Childhood Hunger, Invites Guests to “Share a Little, Get a Shareable” This September (4-traders.com)
- Harry Domash, Online Investing: Examining contrarian strategies in weak stock market (santacruzsentinel.com)
Several equities analysts recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $4.50 target price (down from $5.50) on shares of Noodles & in a research report on Friday, August 11th. Zacks Investment Research downgraded 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. BMO Capital Markets reiterated a “hold” rating and set a $5.00 target price on shares of Noodles & in a research report on Thursday, June 22nd. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $4.00 target price on shares of Noodles & in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.72.
Noodles & (NASDAQ:NDLS) traded up 1.30% during trading on Friday, hitting $3.90. The stock had a trading volume of 3,205 shares. The firm’s 50 day moving average is $3.96 and its 200 day moving average is $4.42. Noodles & has a 1-year low of $3.16 and a 1-year high of $6.92. The firm’s market cap is $160.33 million.
Noodles & (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $112.79 million for the quarter, compared to analyst estimates of $113.98 million. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. Noodles &’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. On average, analysts anticipate that Noodles & will post ($0.01) earnings per share for the current year.
In related news, Director Robert M. Hartnett purchased 72,000 shares of Noodles & stock in a transaction on Thursday, June 15th. The stock was bought at an average price of $3.55 per share, with a total value of $255,600.00. Following the completion of the transaction, the director now directly owns 61,682 shares of the company’s stock, valued at $218,971.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 52.67% of the stock is owned by insiders.
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.
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