Noodles & Co. (NDLS) Hits New 12-Month Low at $6.74
Noodles & Co. (NASDAQ:NDLS) shares reached a new 52-week low during mid-day trading on Wednesday . The company 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.
A number of research firms have issued reports on NDLS. Credit Suisse Group AG reiterated a “hold” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Zacks Investment Research cut Noodles & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. BMO Capital Markets reiterated a “buy” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Jefferies Group decreased their target price on Noodles & Co. from $8.50 to $7.00 and set a “hold” rating on the stock in a research report on Friday, August 5th. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $8.00 target price on shares of Noodles & Co. in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.38.
The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $10.53. The company’s market cap is $190.47 million.
Noodles & Co. (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.02. The company earned $121.40 million during the quarter, compared to the consensus estimate of $121.15 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Noodles & Co. will post ($0.10) EPS for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.