Noodles & Co. (NDLS) Stock Price Down 3.2%
Noodles & Co. (NASDAQ:NDLS) shares fell 3.2% during trading on Friday . The stock traded as low as $6.62 and last traded at $6.62, with a volume of 180,952 shares traded. The stock had previously closed at $6.84.
Several brokerages recently commented on NDLS. Zacks Investment Research upgraded shares of Noodles & Co. from a “sell” rating to a “hold” rating in a report on Thursday. Piper Jaffray Cos. reiterated an “underweight” rating and issued a $6.00 target price (down previously from $7.00) on shares of Noodles & Co. in a report on Monday, August 8th. RBC Capital Markets reiterated a “sector perform” rating and issued a $8.00 target price (down previously from $13.00) on shares of Noodles & Co. in a report on Monday, August 8th. Credit Suisse Group AG reiterated a “hold” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. Finally, Wedbush dropped their target price on shares of Noodles & Co. from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.38.
The firm’s 50 day moving average is $8.50 and its 200 day moving average is $10.53. The firm’s market cap is $184.62 million.
Noodles & Co. (NASDAQ:NDLS) last announced its earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. During the same period last year, the firm earned $0.10 EPS. The company had revenue of $121.40 million for the quarter, compared to analyst estimates of $121.15 million. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Noodles & Co. will post ($0.10) earnings per share 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.
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