Noodles & Co. (NDLS) Shares Up 5.1%
Shares of Noodles & Co. (NASDAQ:NDLS) shot up 5.1% during trading on Wednesday . The stock traded as high as $7.14 and last traded at $7.03, with a volume of 128,244 shares changing hands. The stock had previously closed at $6.69.
Several research firms have recently commented on NDLS. Zacks Investment Research lowered shares of Noodles & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Credit Suisse Group AG restated 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. Finally, Bank of America Corp. restated a “sell” rating on shares of Noodles & Co. in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Noodles & Co. currently has a consensus rating of “Hold” and a consensus target price of $10.38.
The firm’s market cap is $190.19 million. The company’s 50-day moving average price is $8.12 and its 200 day moving average price is $10.32.
Noodles & Co. (NASDAQ:NDLS) last released its 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 company had revenue of $121.40 million for the quarter, compared to analyst estimates of $121.15 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Noodles & Co.’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Noodles & Co. will post ($0.10) earnings per share for the current 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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