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Noodles & Co (NASDAQ:NDLS)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a research report issued on Thursday. They currently have a $22.00 target price on the stock, down from their previous target price of $35.00. Barclays’ price target points to a potential downside of 12.73% from the company’s current price.

Shares of Noodles & Co (NASDAQ:NDLS) traded down 20.71% during mid-day trading on Thursday, hitting $19.99. The stock had a trading volume of 2,087,729 shares. Noodles & Co has a 52-week low of $25.00 and a 52-week high of $49.75. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $34.30. The company has a market cap of $593.5 million and a price-to-earnings ratio of 102.48. Noodles & Co also was the target of unusually large options trading on Wednesday. Stock investors purchased 566 call options on the company. This is an increase of 316% compared to the average daily volume of 136 call options.

Noodles & Co (NASDAQ:NDLS) last announced its earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush cut their price target on shares of Noodles & Co to $21.00 in a research note on Thursday. 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.00.

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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