Noodles &’s (NDLS) Hold Rating Reaffirmed at SunTrust Banks, Inc.
Noodles & Company (NASDAQ:NDLS)‘s stock had its “hold” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a research note issued on Thursday. They presently have a $5.00 price objective on the restaurant operator’s stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 16.28% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Noodles & from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Noodles & in a research note on Thursday, June 22nd. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $4.00 price objective on shares of Noodles & in a research note on Friday, August 11th. Wedbush reaffirmed a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.50 price objective (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Noodles & has a consensus rating of “Hold” and an average price target of $4.69.
Shares of Noodles & (NASDAQ NDLS) traded down 4.44% during mid-day trading on Thursday, reaching $4.30. 104,677 shares of the company’s stock were exchanged. Noodles & has a 52-week low of $3.16 and a 52-week high of $6.00. The firm’s market cap is $176.77 million. The company has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.53.
Noodles & (NASDAQ:NDLS) last announced its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The business had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $113.98 million. During the same period last year, the company posted ($0.03) EPS. Noodles &’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts forecast that Noodles & will post ($0.01) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Catterton Management Company L.L.C. raised its holdings in Noodles & by 62.5% during the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock valued at $43,317,000 after buying an additional 4,272,103 shares during the last quarter. State Street Corp raised its holdings in Noodles & by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after buying an additional 7,823 shares during the last quarter. Vanguard Group Inc. raised its holdings in Noodles & by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after buying an additional 28,054 shares during the last quarter. Northern Trust Corp raised its holdings in Noodles & by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 491 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in Noodles & during the 2nd quarter valued at $146,000. Institutional investors own 65.65% of the company’s stock.
About Noodles &
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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