EAM Investors LLC trimmed its holdings in Noodles & Co (NASDAQ:NDLS) by 13.9% during the third quarter, HoldingsChannel reports. The firm owned 159,035 shares of the restaurant operator’s stock after selling 25,655 shares during the period. EAM Investors LLC’s holdings in Noodles & Co were worth $1,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in Noodles & Co by 55.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,611 shares of the restaurant operator’s stock worth $1,054,000 after purchasing an additional 30,618 shares in the last quarter. SG Capital Management LLC purchased a new position in Noodles & Co in the 3rd quarter worth approximately $3,846,000. Northpointe Capital LLC purchased a new position in Noodles & Co in the 3rd quarter worth approximately $2,751,000. Intrinsic Edge Capital Management LLC purchased a new position in Noodles & Co in the 2nd quarter worth approximately $2,460,000. Finally, Bank of New York Mellon Corp lifted its stake in Noodles & Co by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,914 shares of the restaurant operator’s stock worth $516,000 after purchasing an additional 5,700 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Robert M. Hartnett sold 9,652 shares of Noodles & Co 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 sale, the director now owns 96,606 shares in the company, valued at approximately $1,111,935.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David James Boennighausen sold 43,096 shares of Noodles & Co stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $11.52, for a total transaction of $496,465.92. Following the completion of the sale, the chief executive officer now owns 118,261 shares of the company’s stock, valued at approximately $1,362,366.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,937 shares of company stock worth $748,702. Corporate insiders own 50.52% of the company’s stock.

NDLS stock opened at $9.26 on Wednesday. The company has a market cap of $407.16 million, a PE ratio of -463.00, a PEG ratio of 28.89 and a beta of -0.21. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.68. Noodles & Co has a one year low of $4.55 and a one year high of $13.50.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Tuesday, October 23rd. The restaurant operator reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $116.70 million for the quarter, compared to analyst estimates of $114.80 million. Noodles & Co had a negative net margin of 1.96% and a positive return on equity of 2.23%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. Analysts forecast that Noodles & Co will post 0.04 earnings per share for the current year.

Several analysts have recently commented on NDLS shares. BidaskClub raised shares of Noodles & Co from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Citigroup reduced their price target on shares of Noodles & Co from $13.50 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. ValuEngine lowered shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 7th. BMO Capital Markets lifted their price target on shares of Noodles & Co from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks raised shares of Noodles & Co from a “hold” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Tuesday, October 16th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $11.71.

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

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