Noodles & Company (NASDAQ:NDLS) Stock Passes Below 200-Day Moving Average of $1.77

Noodles & Company (NASDAQ:NDLS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.77 and traded as low as $1.34. Noodles & Company shares last traded at $1.40, with a volume of 102,326 shares.

Wall Street Analyst Weigh In

NDLS has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Noodles & Company from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Truist Financial reissued a “buy” rating and issued a $4.00 target price on shares of Noodles & Company in a report on Monday, July 1st.

Noodles & Company Stock Performance

The business’s 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $1.76. The firm has a market capitalization of $63.90 million, a PE ratio of -4.83 and a beta of 1.74. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 8.79.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Noodles & Company had a negative return on equity of 42.03% and a negative net margin of 5.03%. The company had revenue of $127.35 million during the quarter, compared to analysts’ expectations of $130.45 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Research analysts expect that Noodles & Company will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Noodles & Company

Several institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in shares of Noodles & Company in the 2nd quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Noodles & Company in the first quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Noodles & Company in the second quarter worth about $99,000. Sierra Summit Advisors LLC purchased a new position in shares of Noodles & Company during the 4th quarter valued at about $443,000. Finally, Vanguard Group Inc. grew its stake in shares of Noodles & Company by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock valued at $4,611,000 after acquiring an additional 17,000 shares during the period. Institutional investors own 65.67% of the company’s stock.

About Noodles & Company

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.