Zacks Investment Research upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “

NDLS has been the topic of a number of other reports. Wedbush reiterated a neutral rating and issued a $4.50 price target on shares of Noodles & Company in a report on Saturday, January 7th. Citigroup Inc. reiterated a buy rating and issued a $6.00 price target on shares of Noodles & Company in a report on Wednesday, October 5th. Jefferies Group reiterated a hold rating and issued a $5.00 price target (down from $7.00) on shares of Noodles & Company in a report on Monday, November 7th. RBC Capital Markets reiterated a sector perform rating and issued a $5.00 price target (down from $8.00) on shares of Noodles & Company in a report on Monday, November 7th. Finally, Credit Suisse Group reiterated a hold rating and issued a $4.50 price target on shares of Noodles & Company in a report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Noodles & Company has an average rating of Hold and a consensus price target of $6.67.

Analyst Recommendations for Noodles & Company (NASDAQ:NDLS)

Shares of Noodles & Company (NASDAQ:NDLS) traded down 5.56% during trading on Tuesday, hitting $4.25. 33,528 shares of the stock traded hands. The stock’s market cap is $118.42 million. Noodles & Company has a 12 month low of $3.51 and a 12 month high of $13.65. The firm’s 50-day moving average price is $4.47 and its 200-day moving average price is $6.10.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $122.70 million for the quarter, compared to the consensus estimate of $122.31 million. Noodles & Company had a negative net margin of 6.43% and a negative return on equity of 4.46%. Noodles & Company’s revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that Noodles & Company will post ($0.17) EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Noodles & Company by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 81,122 shares of the company’s stock worth $793,000 after buying an additional 502 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Noodles & Company by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 45,490 shares of the company’s stock worth $445,000 after buying an additional 966 shares during the last quarter. US Bancorp DE boosted its position in shares of Noodles & Company by 11.8% in the second quarter. US Bancorp DE now owns 13,551 shares of the company’s stock worth $132,000 after buying an additional 1,432 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Noodles & Company by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 431,190 shares of the company’s stock worth $4,217,000 after buying an additional 1,604 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Noodles & Company by 1.7% in the second quarter. State Street Corp now owns 168,517 shares of the company’s stock worth $1,650,000 after buying an additional 2,849 shares during the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

Noodles & Company Company Profile

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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