Noodles & Co. (NDLS) Sees Strong Trading Volume
Noodles & Co. (NASDAQ:NDLS) saw an uptick in trading volume on Thursday . 86,596 shares were traded during trading, an increase of 1% from the previous session’s volume of 85,942 shares.The stock last traded at $10.03 and had previously closed at $10.05.
A number of research firms recently issued reports on NDLS. Credit Suisse Group AG restated a “hold” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Zacks Investment Research downgraded Noodles & Co. from a “hold” rating to a “sell” rating in a research note on Thursday. BMO Capital Markets reiterated a “buy” rating on shares of Noodles & Co. in a research note on Wednesday, May 4th. Jefferies Group reiterated a “buy” rating and issued a $14.00 target price on shares of Noodles & Co. in a research note on Friday, May 6th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Noodles & Co. in a research note on Monday, May 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Noodles & Co. currently has a consensus rating of “Hold” and a consensus target price of $13.10.
The stock has a 50-day moving average of $9.83 and a 200 day moving average of $11.10. The stock’s market capitalization is $277.88 million.
Noodles & Co. (NASDAQ:NDLS) last released its earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business earned $113.99 million during the quarter, compared to analysts’ expectations of $114.71 million. Noodles & Co.’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. Equities analysts predict 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.
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