Noodles & Co. (NDLS) Sees Unusually-High Trading Volume
Noodles & Co. (NASDAQ:NDLS) shares saw an uptick in trading volume on Thursday . 336,676 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 233,284 shares.The stock last traded at $6.95 and had previously closed at $6.81.
Several brokerages have weighed in on NDLS. Zacks Investment Research lowered Noodles & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Credit Suisse Group AG reissued a “hold” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. BMO Capital Markets reissued a “buy” rating on shares of Noodles & Co. in a report on Wednesday, May 4th. Jefferies Group reissued a “buy” rating and set a $14.00 price objective on shares of Noodles & Co. in a report on Friday, May 6th. Finally, Bank of America Corp. reissued a “sell” rating on shares of Noodles & Co. in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Noodles & Co. currently has an average rating of “Hold” and an average target price of $10.38.
The stock’s market capitalization is $192.14 million. The company has a 50 day moving average price of $8.93 and a 200 day moving average price of $10.71.
Noodles & Co. (NASDAQ:NDLS) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. The firm earned $121.40 million during the quarter, compared to the consensus estimate of $121.15 million. Noodles & Co.’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Analysts expect that Noodles & Co. will post ($0.10) earnings per share for the current fiscal year.
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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