Noodles & Co (NASDAQ:NDLS) has earned an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.92.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks reissued a “hold” rating and issued a $5.00 price target on shares of Noodles & Co in a research note on Thursday, October 12th. BMO Capital Markets set a $4.00 price target on shares of Noodles & Co and gave the company a “hold” rating in a research note on Friday, November 10th. Finally, Citigroup increased their price target on shares of Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, November 20th.

Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Noodles & Co by 52.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 9,287 shares in the last quarter. Royce & Associates LP acquired a new stake in Noodles & Co during the 2nd quarter worth $146,000. Northern Trust Corp raised its stake in Noodles & Co by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 491 shares in the last quarter. State Street Corp raised its stake in Noodles & Co by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock worth $698,000 after acquiring an additional 7,823 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new stake in Noodles & Co during the 3rd quarter worth $1,327,000. 66.69% of the stock is owned by institutional investors.

Noodles & Co (NASDAQ NDLS) traded up $0.10 on Tuesday, hitting $5.75. 64,600 shares of the company traded hands, compared to its average volume of 50,833. The firm has a market cap of $240.50, a P/E ratio of -1.89, a PEG ratio of 8.71 and a beta of -0.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. Noodles & Co has a 52-week low of $3.16 and a 52-week high of $6.00.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.45 million. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. Noodles & Co’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. sell-side analysts expect that Noodles & Co will post -0.03 earnings per share for the current year.

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About Noodles & Co

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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