Noodles & Co (NDLS) Stock Rating Reaffirmed by SunTrust Banks

Noodles & Co (NASDAQ:NDLS)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks in a note issued to investors on Wednesday. They currently have a $6.00 target price on the restaurant operator’s stock. SunTrust Banks’ price objective indicates a potential upside of 15.38% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Noodles & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Citigroup lifted their price objective on shares of Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 price objective on shares of Noodles & Co and gave the stock a “hold” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.88.

Shares of Noodles & Co (NASDAQ NDLS) traded down $0.05 during midday trading on Wednesday, reaching $5.20. 48,400 shares of the company’s stock were exchanged, compared to its average volume of 69,850. The company has a quick ratio of 0.31, a current ratio of 0.57 and a debt-to-equity ratio of 1.78. Noodles & Co has a 1 year low of $3.16 and a 1 year high of $6.00. The company has a market capitalization of $207.88, a PE ratio of -1.71, a P/E/G ratio of 8.30 and a beta of -0.43.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.45 million. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. research analysts anticipate that Noodles & Co will post -0.03 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in Noodles & Co by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 9,287 shares during the period. Royce & Associates LP bought a new stake in Noodles & Co in the second quarter valued at about $146,000. Northern Trust Corp increased its stake in Noodles & Co by 0.3% in the second quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 491 shares during the period. Vanguard Group Inc. increased its stake in Noodles & Co by 6.9% in the second quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after acquiring an additional 28,054 shares during the period. Finally, State Street Corp boosted its position in Noodles & Co by 4.6% in the second 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 in the last quarter. Hedge funds and other institutional investors own 66.69% of the company’s stock.

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Noodles & Co Company Profile

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.

Analyst Recommendations for Noodles & Co (NASDAQ:NDLS)

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