Noodles & Co. (NDLS) Reaches New 12-Month Low at $6.48
Noodles & Co. (NASDAQ:NDLS)’s share price reached a new 52-week low on Wednesday . The company traded as low as $6.48 and last traded at $6.55, with a volume of 65,468 shares trading hands. The stock had previously closed at $6.68.
A number of research firms recently weighed in on NDLS. Bank of America Corp. reiterated a “sell” rating and issued a $8.00 price target on shares of Noodles & Co. in a research report on Friday, August 5th. Wedbush decreased their price target on Noodles & Co. from $11.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. Robert W. Baird reiterated a “hold” rating on shares of Noodles & Co. in a research report 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 report on Monday, August 8th. Finally, Zacks Investment Research upgraded Noodles & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, May 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.38.
The stock’s 50 day moving average is $7.85 and its 200 day moving average is $10.18. The stock’s market capitalization is $181.56 million.
Noodles & Co. (NASDAQ:NDLS) last released its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. The firm earned $121.40 million during the quarter, compared to the consensus estimate of $121.15 million. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. 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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