Noodles & Company (NASDAQ:NDLS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Noodles & Company Price Performance

Noodles & Company stock opened at $9.20 on Friday. Noodles & Company has a 12-month low of $3.57 and a 12-month high of $10.00. The company has a market capitalization of $53.82 million, a price-to-earnings ratio of -1.24 and a beta of 1.50. The firm’s fifty day moving average price is $5.71 and its 200 day moving average price is $5.68.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.29. The business had revenue of $122.78 million for the quarter, compared to analysts’ expectations of $122.40 million. Analysts forecast that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock valued at $121,000 after acquiring an additional 84,987 shares in the last quarter. XTX Topco Ltd lifted its position in Noodles & Company by 228.5% in the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 65,907 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Noodles & Company by 34,246.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 49,657 shares in the last quarter. State Street Corp boosted its stake in Noodles & Company by 31.1% during the 4th quarter. State Street Corp now owns 181,963 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 43,211 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Noodles & Company during the 4th quarter valued at $28,000. Institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

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.