Noodles & Co. (NDLS) Sees Large Volume Increase
Noodles & Co. (NASDAQ:NDLS) shares saw an uptick in trading volume on Thursday . 125,907 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 80,518 shares.The stock last traded at $9.64 and had previously closed at $9.56.
A number of brokerages recently commented on NDLS. Credit Suisse Group AG reiterated a “hold” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. BMO Capital Markets restated a “buy” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Jefferies Group restated a “buy” rating and set a $14.00 target price on shares of Noodles & Co. in a research report on Friday, May 6th. Robert W. Baird restated a “hold” rating on shares of Noodles & Co. in a research report on Monday, May 16th. Finally, Zacks Investment Research lowered Noodles & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Noodles & Co. presently has an average rating of “Hold” and a consensus price target of $13.10.
The stock’s market cap is $267.88 million. The company’s 50 day moving average is $9.73 and its 200-day moving average is $11.12.
Noodles & Co. (NASDAQ:NDLS) last released its earnings results on Tuesday, May 3rd. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $113.99 million for the quarter, compared to analyst estimates of $114.71 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts expect that Noodles & Co. will post $0.05 earnings per share for the current fiscal 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.
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