Noodles & Co. (NDLS) Sees Strong Trading Volume
Noodles & Co. (NASDAQ:NDLS) saw strong trading volume on Thursday . 125,907 shares were traded during trading, an increase of 56% from the previous session’s volume of 80,518 shares.The stock last traded at $9.64 and had previously closed at $9.56.
A number of equities research analysts recently commented on the stock. Jefferies Group reissued a “buy” rating and set a $14.00 target price on shares of Noodles & Co. in a research report on Saturday, June 25th. Robert W. Baird reaffirmed a “hold” rating on shares of Noodles & Co. in a report on Monday, May 16th. Zacks Investment Research raised shares of Noodles & Co. from a “sell” rating to a “hold” rating in a report on Saturday, May 7th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.10.
The company’s market capitalization is $281.21 million. The firm has a 50 day moving average of $9.75 and a 200 day moving average of $11.11.
Noodles & Co. (NASDAQ:NDLS) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.06) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $113.99 million for the quarter, compared to analysts’ expectations of $114.71 million. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. Analysts expect that Noodles & Co. will post $0.05 earnings per share for the current fiscal year.
Noodles & Company develops and operates fast casual restaurants. The Company serves globally inspired noodle and pasta dishes, soups, salads and sandwiches. As of December 30, 2014, the Company had 439 restaurants, comprising 386 company owned restaurants and 53 franchise restaurants in 32 states and the District of Columbia.
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