Noodles & Co. (NDLS) Lifted to “Hold” at Zacks Investment Research

noodles-038-co-ndls-lifted-to-8220hold8221-at-zacks-investment-research.png

Noodles & Co. (NASDAQ:NDLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “
A number of other brokerages also recently weighed in on NDLS. Robert W. Baird reaffirmed a “neutral” rating on shares of Noodles & Co. in a research report on Thursday. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $7.00 price objective (down previously from $8.00) on shares of Noodles & Co. in a research report on Wednesday, July 27th. Jefferies Group downgraded Noodles & Co. from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Tuesday, July 26th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $8.00 price objective (down previously from $13.00) on shares of Noodles & Co. in a research report on Monday, August 8th. Finally, Bank of America Corp. reaffirmed a “sell” rating on shares of Noodles & Co. in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.38.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/10/noodles-co-ndls-lifted-to-hold-at-zacks-investment-research.html

Noodles & Co. (NASDAQ:NDLS) opened at 6.25 on Friday. The company’s market capitalization is $174.04 million. Noodles & Co. has a 52 week low of $6.25 and a 52 week high of $14.95. The company’s 50 day moving average price is $7.10 and its 200-day moving average price is $9.90.
Noodles & Co. (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. Noodles & Co. had a negative net margin of 6.50% and a negative return on equity of 2.75%. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate of $121.15 million. During the same period in the previous year, the business earned $0.10 EPS. Noodles & Co.’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that Noodles & Co. will post ($0.10) earnings per share for the current year.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. A.R.T. Advisors LLC bought a new position in shares of Noodles & Co. during the first quarter valued at $150,000. Envestnet Asset Management Inc. boosted its position in shares of Noodles & Co. by 22.2% in the first quarter. Envestnet Asset Management Inc. now owns 16,432 shares of the company’s stock valued at $195,000 after buying an additional 2,981 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Noodles & Co. by 9.2% in the first quarter. Geode Capital Management LLC now owns 137,447 shares of the company’s stock valued at $1,630,000 after buying an additional 11,525 shares in the last quarter. State Street Corp boosted its position in shares of Noodles & Co. by 0.6% in the first quarter. State Street Corp now owns 165,668 shares of the company’s stock valued at $1,966,000 after buying an additional 924 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Noodles & Co. by 4.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 429,586 shares of the company’s stock valued at $5,095,000 after buying an additional 16,389 shares in the last quarter.
Noodles & Co. Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
Get a free copy of the Zacks research report on Noodles & Co. (NDLS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Noodles & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Noodles & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Noodles & Co. (NDLS) Lifted to “Hold” at Zacks Investment Research"

Leave a comment

Your email address will not be published.

*