Noodles & Co (NASDAQ:NDLS) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.90.
NDLS has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating on shares of Noodles & Co in a research note on Monday, April 2nd. BidaskClub cut shares of Noodles & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. BMO Capital Markets set a $5.00 price target on shares of Noodles & Co and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, Royal Bank of Canada upped their price target on shares of Noodles & Co to $9.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 29th.
In other Noodles & Co news, insider Susan Daggett sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $9.58, for a total transaction of $71,850.00. Following the transaction, the insider now owns 23,800 shares in the company, valued at approximately $228,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 50.52% of the stock is currently owned by corporate insiders.
Noodles & Co stock traded up $0.05 during mid-day trading on Friday, reaching $11.65. The stock had a trading volume of 3,068 shares, compared to its average volume of 274,582. The stock has a market cap of $440.42 million, a price-to-earnings ratio of -580.00, a PEG ratio of 40.76 and a beta of -0.43. Noodles & Co has a one year low of $3.50 and a one year high of $11.60. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.52 and a quick ratio of 0.26.
Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Thursday, May 10th. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $110.50 million during the quarter, compared to the consensus estimate of $107.78 million. Noodles & Co had a negative return on equity of 0.66% and a negative net margin of 3.16%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS. equities analysts expect that Noodles & Co will post 0.03 EPS for the current fiscal year.
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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