Noodles & Co. (NDLS) Hits New 1-Year Low at $6.48
Shares of Noodles & Co. (NASDAQ:NDLS) hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.48 and last traded at $6.55, with a volume of 65,468 shares changing hands. The stock had previously closed at $6.68.
Several brokerages have recently commented on NDLS. Jefferies Group reiterated a “buy” rating and issued a $14.00 target price on shares of Noodles & Co. in a report on Friday, May 6th. Zacks Investment Research upgraded shares of Noodles & Co. from a “sell” rating to a “hold” rating in a report on Saturday, May 7th. Bank of America Corp. reiterated a “sell” rating on shares of Noodles & Co. in a report on Tuesday, July 26th. BMO Capital Markets downgraded shares of Noodles & Co. from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $15.00 to $9.00 in a report on Tuesday, July 26th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Noodles & Co. in a report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.38.
The firm’s market capitalization is $182.39 million. The firm has a 50-day moving average price of $7.65 and a 200 day moving average price of $10.13.
Noodles & Co. (NASDAQ:NDLS) last issued its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.02. During the same period last year, the business posted $0.10 earnings per share. The business earned $121.40 million during the quarter, compared to analyst estimates of $121.15 million. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Noodles & Co. will post ($0.10) EPS 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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