Noodles & Company Stock Scheduled to Reverse Split on Wednesday, February 18th (NASDAQ:NDLS)

Noodles & Company (NASDAQ:NDLS) shares are set to reverse split on Wednesday, February 18th. The 1-8 reverse split was announced on Wednesday, February 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, February 17th.

Noodles & Company Price Performance

NASDAQ NDLS opened at $0.55 on Tuesday. The company’s fifty day moving average is $0.74 and its two-hundred day moving average is $0.73. Noodles & Company has a 52-week low of $0.52 and a 52-week high of $1.74. The firm has a market capitalization of $25.75 million, a price-to-earnings ratio of -0.56 and a beta of 1.54.

Analysts Set New Price Targets

NDLS has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research report on Thursday, January 22nd. Wall Street Zen raised Noodles & Company to a “sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.00.

Institutional Trading of Noodles & Company

Several institutional investors have recently bought and sold shares of NDLS. Assenagon Asset Management S.A. grew its position in Noodles & Company by 117.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 24,065 shares during the period. Jane Street Group LLC acquired a new stake in shares of Noodles & Company in the 1st quarter valued at $41,000. Goldman Sachs Group Inc. grew its holdings in shares of Noodles & Company by 331.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 84,987 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Noodles & Company by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock worth $275,000 after purchasing an additional 27,384 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

About Noodles & Company

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.