Noodles & Co. (NDLS) Hits New 12-Month Low at $8.31
Noodles & Co. (NASDAQ:NDLS)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.31 and last traded at $8.37, with a volume of 824,490 shares traded. The stock had previously closed at $10.36.
NDLS has been the topic of several analyst reports. Jefferies Group reissued a “buy” rating and set a $14.00 target price on shares of Noodles & Co. in a research report on Saturday, June 25th. BMO Capital Markets reaffirmed a “buy” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Noodles & Co. in a research report on Wednesday, May 4th. Robert W. Baird reaffirmed a “hold” rating on shares of Noodles & Co. in a research report on Monday, May 16th. Finally, Zacks Investment Research raised Noodles & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, May 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.50.
The firm has a 50 day moving average price of $9.91 and a 200-day moving average price of $11.08. The stock’s market cap is $222.30 million.
Noodles & Co. (NASDAQ:NDLS) last released its earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The business earned $113.99 million during the quarter, compared to analysts’ expectations of $114.71 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. 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.
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