Noodles & Co. (NDLS) Stock Price Up 5.2%
Noodles & Co. (NASDAQ:NDLS) shares rose 5.2% on Monday . The stock traded as high as $10.47 and last traded at $10.36, with a volume of 83,108 shares. The stock had previously closed at $9.85.
NDLS has been the subject of several recent analyst reports. Zacks Investment Research downgraded Noodles & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Jefferies Group restated a “buy” rating and issued a $14.00 price target on shares of Noodles & Co. in a research note on Saturday, June 25th. BMO Capital Markets restated a “buy” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Robert W. Baird restated a “hold” rating on shares of Noodles & Co. in a research note on Monday, May 16th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.10.
The company’s market capitalization is $287.88 million. The stock has a 50 day moving average price of $9.91 and a 200 day moving average price of $11.08.
Noodles & Co. (NASDAQ:NDLS) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The firm earned $113.99 million during the quarter, compared to analyst estimates of $114.71 million. During the same quarter in the previous year, the business posted $0.03 EPS. Noodles & Co.’s revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Noodles & Co. will post $0.05 EPS for the current 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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