Noodles & Co Hits New 52-Week Low at $30.01 (NDLS)
Shares of Noodles & Co (NASDAQ:NDLS) hit a new 52-week low on Friday , American Banking & Market News reports. The stock traded as low as $30.01 and last traded at $30.57, with a volume of 182,388 shares changing hands. The stock had previously closed at $30.64.
NDLS has been the subject of a number of recent research reports. 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.51.
The stock has a 50-day moving average of $33.44 and a 200-day moving average of $35.69. The company has a market cap of $906.4 million and a P/E ratio of 124.55.
Noodles & Co (NASDAQ:NDLS) last released its earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Noodles & Co will post $0.49 EPS 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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