Noodles & Co. (NDLS) Sees Strong Trading Volume
Noodles & Co. (NASDAQ:NDLS) shares saw unusually-high trading volume on Thursday . Approximately 336,676 shares were traded during trading, an increase of 44% from the previous session’s volume of 233,284 shares.The stock last traded at $6.95 and had previously closed at $6.81.
NDLS has been the topic of several analyst reports. Zacks Investment Research cut Noodles & Co. from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. BMO Capital Markets restated a “buy” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. Credit Suisse Group AG restated a “hold” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. Jefferies Group reiterated a “buy” rating and issued a $14.00 target price on shares of Noodles & Co. in a report on Friday, May 6th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Noodles & Co. in a report on Monday, May 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Noodles & Co. presently has an average rating of “Hold” and an average target price of $10.38.
The company’s 50-day moving average is $8.84 and its 200-day moving average is $10.67. The company’s market cap is $196.04 million.
Noodles & Co. (NASDAQ:NDLS) last announced its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.02. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $121.15 million. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Noodles & Co. will post ($0.10) EPS for the current fiscal year.
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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