Noodles & Co. (NDLS) Sees Unusually-High Trading Volume
Shares of Noodles & Co. (NASDAQ:NDLS) saw unusually-strong trading volume on Thursday . Approximately 86,596 shares changed hands 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 equities analysts have recently issued reports on NDLS shares. Zacks Investment Research downgraded Noodles & Co. from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group reissued a “buy” rating and set a $14.00 price target on shares of Noodles & Co. in a research report on Friday, May 6th. Credit Suisse Group AG reissued a “hold” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. BMO Capital Markets reissued a “buy” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Finally, Robert W. Baird restated a “hold” rating on shares of Noodles & Co. in a research note on Monday, May 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Noodles & Co. currently has a consensus rating of “Hold” and an average target price of $13.10.
The company’s 50 day moving average price is $9.84 and its 200-day moving average price is $11.09. The firm’s market capitalization is $274.55 million.
Noodles & Co. (NASDAQ:NDLS) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $113.99 million for the quarter, compared to analyst estimates of $114.71 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. On average, 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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