Noodles & Company $NDLS Shares Sold by Archon Capital Management LLC

Archon Capital Management LLC cut its position in Noodles & Company (NASDAQ:NDLS) by 93.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 45,191 shares of the restaurant operator’s stock after selling 621,769 shares during the quarter. Archon Capital Management LLC’s holdings in Noodles & Company were worth $32,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock worth $121,000 after buying an additional 84,987 shares during the period. XTX Topco Ltd acquired a new stake in shares of Noodles & Company during the first quarter valued at about $31,000. Finally, Jane Street Group LLC acquired a new stake in shares of Noodles & Company during the first quarter valued at about $41,000. 65.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NDLS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research note on Wednesday, October 8th. Benchmark downgraded Noodles & Company from a “buy” rating to a “hold” rating in a report on Friday, August 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $3.00.

Noodles & Company Trading Down 0.9%

Shares of NASDAQ NDLS opened at $0.94 on Friday. Noodles & Company has a 12-month low of $0.55 and a 12-month high of $1.74. The company has a market cap of $44.02 million, a price-to-earnings ratio of -0.95 and a beta of 1.52. The stock’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $0.76.

Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $122.09 million for the quarter, compared to analyst estimates of $119.77 million. As a group, equities analysts forecast that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

About Noodles & Company

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.