Noodles & Co. (NDLS) Trading 5.1% Higher
Shares of Noodles & Co. (NASDAQ:NDLS) traded up 5.1% on Wednesday . The company traded as high as $7.14 and last traded at $7.03, with a volume of 128,244 shares trading hands. The stock had previously closed at $6.69.
A number of analysts have weighed in on the stock. Bank of America Corp. restated a “sell” rating and set a $8.00 price objective on shares of Noodles & Co. in a research note on Friday, August 5th. Wedbush reduced their price objective on shares of Noodles & Co. from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Robert W. Baird restated a “hold” rating on shares of Noodles & Co. in a research note on Monday, May 16th. Piper Jaffray Cos. restated an “underweight” rating and set a $6.00 price objective (down from $7.00) on shares of Noodles & Co. in a research note on Monday, August 8th. Finally, Zacks Investment Research upgraded shares of Noodles & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, May 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.38.
The firm’s market capitalization is $194.64 million. The stock’s 50 day moving average is $8.28 and its 200 day moving average is $10.37.
Noodles & Co. (NASDAQ:NDLS) last released 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 had revenue of $121.40 million for 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. Noodles & Co.’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research 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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