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Investment analysts at Wedbush cut their target price on shares of Noodles & Co (NASDAQ:NDLS) to $21.00 in a note issued to investors on Thursday. Wedbush’s price objective indicates a potential downside of 16.70% from the stock’s previous close.

Noodles & Co (NASDAQ:NDLS) opened at 25.21 on Thursday. Noodles & Co has a one year low of $25.00 and a one year high of $49.75. The stock’s 50-day moving average is $29.76 and its 200-day moving average is $34.30. The company has a market cap of $748.5 million and a P/E ratio of 102.97. Noodles & Co also saw some unusual options trading activity on Wednesday. Stock investors bought 566 call options on the stock. This is an increase of approximately 316% compared to the typical volume of 136 call options.

Noodles & Co (NASDAQ:NDLS) last announced its earnings results on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.03. The company had revenue of $99.50 million for the quarter, compared to the consensus estimate of $103.00 million. On average, analysts predict that Noodles & Co will post $0.49 earnings per share for the current fiscal year.

Separately, 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. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.60.

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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