Noodles & Co VP Unloads $147,150 in Stock (NDLS)
Noodles & Co (NASDAQ:NDLS) VP Kathryn Rae Lockhart sold 4,500 shares of Noodles & Co stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $32.70, for a total transaction of $147,150.00. Following the sale, the vice president now directly owns 250 shares in the company, valued at approximately $8,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray cut their price target on shares of Noodles & Co from $47.00 to $38.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Noodles & Co from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $31.60 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Noodles & Co in a research note on Wednesday, April 30th. They now have a $35.00 price target on the stock. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.95.
Noodles & Co (NASDAQ:NDLS) traded up 0.36% on Monday, hitting $33.37. The stock had a trading volume of 183,029 shares. Noodles & Co has a 1-year low of $30.28 and a 1-year high of $51.97. The stock has a 50-day moving average of $34.09 and a 200-day moving average of $36.87. The company has a market cap of $990.7 million and a price-to-earnings ratio of 135.16.
Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $92.17 million. During the same quarter last year, the company posted $0.04 earnings per share. Noodles & Co’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Noodles & Co will post $0.49 earnings per share for the current fiscal year.
Noodles & Company is a casual restaurant concept offering lunch and dinner. The Company offers noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors globally under one roof from Pad Thai to Mac & Cheese.
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