Crescent Grove Advisors LLC purchased a new stake in shares of Noodles & Company (NASDAQ:NDLS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 116,641 shares of the restaurant operator’s stock, valued at approximately $455,000.

A number of other institutional investors have also recently modified their holdings of NDLS. KCG Holdings Inc. raised its position in shares of Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 27,818 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Noodles & by 132.5% in the fourth quarter. Renaissance Technologies LLC now owns 395,800 shares of the restaurant operator’s stock valued at $1,623,000 after buying an additional 225,600 shares in the last quarter. Creative Planning raised its position in shares of Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 72,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Noodles & by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 9,287 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Noodles & during the second quarter valued at about $226,000. Hedge funds and other institutional investors own 55.13% of the company’s stock.

Shares of Noodles & Company (NASDAQ:NDLS) opened at 3.75 on Friday. Noodles & Company has a 12-month low of $3.16 and a 12-month high of $7.26. The firm’s market capitalization is $153.80 million. The firm’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.47.

Noodles & (NASDAQ:NDLS) last announced its earnings results on Thursday, August 10th. The restaurant operator reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Noodles & had a negative return on equity of 10.28% and a negative net margin of 17.42%. The business had revenue of $112.79 million for the quarter, compared to the consensus estimate of $113.98 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year.

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Several equities analysts recently issued reports on NDLS shares. Zacks Investment Research lowered Noodles & from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. ValuEngine downgraded Noodles & from a “sell” rating to a “strong sell” rating in a report on Thursday, May 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $5.50 price objective on shares of Noodles & in a report on Tuesday, April 18th. Wedbush reaffirmed a “hold” rating and set a $5.50 price objective on shares of Noodles & in a report on Wednesday, May 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price objective on shares of Noodles & in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.81.

In other news, Director Robert M. Hartnett purchased 72,000 shares of Noodles & stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $3.55 per share, for a total transaction of $255,600.00. Following the transaction, the director now owns 61,682 shares of the company’s stock, valued at approximately $218,971.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 52.67% of the company’s stock.

About Noodles &

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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Institutional Ownership by Quarter for Noodles & (NASDAQ:NDLS)

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