Noodles & Co (NASDAQ:NDLS) EVP Melissa Heidman sold 5,924 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $13.00, for a total value of $77,012.00. Following the completion of the sale, the executive vice president now owns 31,019 shares of the company’s stock, valued at $403,247. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Melissa Heidman also recently made the following trade(s):

  • On Wednesday, August 29th, Melissa Heidman sold 4,315 shares of Noodles & Co stock. The stock was sold at an average price of $12.00, for a total value of $51,780.00.

Shares of NASDAQ:NDLS traded down $0.13 during mid-day trading on Thursday, reaching $13.10. 230,200 shares of the stock were exchanged, compared to its average volume of 304,510. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.29 and a current ratio of 0.52. The company has a market cap of $499.71 million, a PE ratio of -653.50, a PEG ratio of 34.57 and a beta of -0.58. Noodles & Co has a one year low of $3.95 and a one year high of $13.50.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, July 18th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $114.16 million. Noodles & Co had a negative return on equity of 0.45% and a negative net margin of 4.03%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, research analysts predict that Noodles & Co will post 0.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in Noodles & Co during the second quarter valued at approximately $175,000. Solstein Capital LLC acquired a new position in Noodles & Co during the second quarter valued at approximately $197,000. Macquarie Group Ltd. acquired a new position in Noodles & Co during the second quarter valued at approximately $200,000. Dimensional Fund Advisors LP acquired a new position in Noodles & Co during the second quarter valued at approximately $250,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Noodles & Co during the second quarter valued at approximately $300,000. 61.82% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on NDLS. Zacks Investment Research upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Thursday. ValuEngine upgraded Noodles & Co from a “buy” rating to a “strong-buy” rating in a report on Wednesday. SunTrust Banks upgraded Noodles & Co from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $15.00 in a report on Tuesday. BidaskClub downgraded Noodles & Co from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Finally, Citigroup increased their price target on Noodles & Co from $11.50 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.33.

About Noodles & Co

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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Insider Buying and Selling by Quarter for Noodles & Co (NASDAQ:NDLS)

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