Noodles & Co. (NDLS) Shares Down 3.2%
Noodles & Co. (NASDAQ:NDLS) shares fell 3.2% during trading on Friday . The company 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.
A number of brokerages have recently commented on NDLS. Zacks Investment Research upgraded Noodles & Co. from a “sell” rating to a “hold” rating in a report on Thursday. Piper Jaffray Cos. reiterated an “underweight” rating and set a $6.00 price target (down from $7.00) on shares of Noodles & Co. in a report on Monday, August 8th. RBC Capital Markets reiterated a “sector perform” rating and set a $8.00 price target (down from $13.00) on shares of Noodles & Co. in a report on Monday, August 8th. Bank of America Corp. reiterated a “sell” rating and set a $8.00 price target on shares of Noodles & Co. in a report on Friday, August 5th. Finally, Jefferies Group cut their price target on Noodles & Co. from $8.50 to $7.00 and set a “hold” rating for the company in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.38.
The company’s market cap is $184.62 million. The firm’s 50 day moving average price is $8.41 and its 200 day moving average price is $10.49.
Noodles & Co. (NASDAQ:NDLS) last posted its quarterly earnings results 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. During the same period last year, the company posted $0.10 EPS. The business earned $121.40 million during the quarter, compared to analysts’ expectations of $121.15 million. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities 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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