Noodles & Co. (NDLS) Hits New 1-Year Low at $6.74
Noodles & Co. (NASDAQ:NDLS)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $6.74 and last traded at $6.87, with a volume of 93,102 shares trading hands. The stock had previously closed at $6.97.
Several equities analysts have weighed in on NDLS shares. Zacks Investment Research lowered Noodles & Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Jefferies Group reiterated a “buy” rating and issued a $14.00 price objective on shares of Noodles & Co. in a research note on Saturday, June 25th. BMO Capital Markets reiterated a “buy” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Bank of America Corp. reiterated a “sell” rating on shares of Noodles & Co. in a research note on Tuesday, July 26th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Noodles & Co. in a research note on Monday, May 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.38.
The firm’s 50 day moving average price is $8.67 and its 200-day moving average price is $10.58. The company’s market cap is $190.47 million.
Noodles & Co. (NASDAQ:NDLS) last issued its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. During the same period in the prior year, the business earned $0.10 EPS. The company had revenue of $121.40 million for the quarter, compared to analyst estimates of $121.15 million. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict 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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