Noodles & Co. (NDLS) Shares Down 1.7%
Shares of Noodles & Co. (NASDAQ:NDLS) traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as $9.50 and last traded at $9.56, with a volume of 73,534 shares trading hands. The stock had previously closed at $9.73.
Several analysts have issued reports on the stock. Citigroup Inc. restated a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Noodles & Co. in a research report on Tuesday, March 15th. Robert W. Baird restated a “hold” rating on shares of Noodles & Co. in a research report on Monday, May 16th. Zacks Investment Research upgraded shares of Noodles & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, May 7th. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of Noodles & Co. in a research note on Saturday, June 25th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.10.
The company’s market capitalization is $265.65 million. The stock has a 50-day moving average price of $9.73 and a 200-day moving average price of $11.13.
Noodles & Co. (NASDAQ:NDLS) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The company earned $113.99 million during the quarter, compared to the consensus estimate of $114.71 million. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Noodles & Co. will post $0.05 EPS for the current year.
Noodles & Company develops and operates fast casual restaurants. The Company serves globally inspired noodle and pasta dishes, soups, salads and sandwiches. As of December 30, 2014, the Company had 439 restaurants, comprising 386 company owned restaurants and 53 franchise restaurants in 32 states and the District of Columbia.