Noodles & Co (NDLS) Price Target Raised to $15.00 at Citigroup
Other equities analysts also recently issued research reports about the company. UBS Group increased their price target on Noodles & Co from $4.00 to $10.00 and gave the stock a $11.80 rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded Noodles & Co from a hold rating to a buy rating and set a $14.00 price target on the stock in a research report on Sunday, July 15th. BidaskClub upgraded Noodles & Co from a hold rating to a buy rating in a research report on Friday, June 15th. CL King started coverage on Noodles & Co in a research report on Thursday, May 31st. They set a buy rating on the stock. Finally, ValuEngine downgraded Noodles & Co from a strong-buy rating to a buy rating in a research report on Tuesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $10.67.
Shares of NDLS stock opened at $12.65 on Tuesday. The company has a market cap of $532.75 million, a price-to-earnings ratio of -632.50, a price-to-earnings-growth ratio of 36.86 and a beta of -0.61. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 2.40. Noodles & Co has a 12-month low of $3.95 and a 12-month high of $13.30.
In other news, EVP Melissa Heidman sold 4,315 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $12.00, for a total value of $51,780.00. Following the transaction, the executive vice president now owns 24,740 shares in the company, valued at $296,880. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Hartnett sold 9,652 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $11.51, for a total value of $111,094.52. Following the completion of the transaction, the director now owns 96,606 shares in the company, valued at approximately $1,111,935.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,448,909 shares of company stock worth $34,384,069. Company insiders own 50.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tenzing Global Management LLC acquired a new stake in shares of Noodles & Co in the first quarter valued at approximately $2,258,000. Russell Investments Group Ltd. acquired a new stake in shares of Noodles & Co in the first quarter valued at approximately $2,291,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Noodles & Co in the second quarter valued at approximately $2,460,000. Timpani Capital Management LLC acquired a new stake in shares of Noodles & Co in the first quarter valued at approximately $1,362,000. Finally, EAM Global Investors LLC acquired a new stake in shares of Noodles & Co in the second quarter valued at approximately $1,460,000. Institutional investors and hedge funds own 61.83% of the company’s stock.
Noodles & Co Company Profile
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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