Noodles & Co Hits New 1-Year Low at $19.32 (NDLS)
Noodles & Co (NASDAQ:NDLS) reached a new 52-week low on Thursday , StockRatingsNetwork reports. The stock traded as low as $19.32 and last traded at $19.73, with a volume of 179,983 shares traded. The stock had previously closed at $19.74.
A number of research firms have recently commented on NDLS. Analysts at Barclays reiterated an “equal weight” rating on shares of Noodles & Co in a research note on Thursday, August 14th. They now have a $22.00 price target on the stock, down previously from $35.00. Analysts at Wedbush cut their price target on shares of Noodles & Co to $21.00 in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.00.
The stock’s 50-day moving average is $26.27 and its 200-day moving average is $33.20. The company has a market cap of $583.7 million and a price-to-earnings ratio of 57.89.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Noodles & Co will post $0.40 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.