Noodles & Co. (NDLS) Shares Down 3.3%
Noodles & Co. (NASDAQ:NDLS)’s share price traded down 3.3% on Wednesday . The stock traded as low as $7.66 and last traded at $7.74, with a volume of 249,882 shares. The stock had previously closed at $8.00.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Noodles & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Credit Suisse Group AG reiterated a “hold” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. BMO Capital Markets reiterated a “buy” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Jefferies Group restated a “buy” rating and set a $14.00 target price on shares of Noodles & Co. in a research note on Friday, May 6th. Finally, Bank of America Corp. restated a “sell” rating on shares of Noodles & Co. in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Noodles & Co. presently has a consensus rating of “Hold” and an average price target of $12.00.
The company’s market capitalization is $209.24 million. The stock’s 50 day moving average price is $9.84 and its 200 day moving average price is $11.06.
Noodles & Co. (NASDAQ:NDLS) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.06). During the same quarter in the previous year, the firm posted $0.03 EPS. The business had revenue of $113.99 million for the quarter, compared to analysts’ expectations of $114.71 million. Noodles & Co.’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Noodles & Co. will post $0.04 earnings per share 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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