Noodles & Company (NASDAQ:NDLS) Upgraded to Sell at Wall Street Zen

Noodles & Company (NASDAQ:NDLS) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.00.

Noodles & Company Stock Up 3.8%

NASDAQ NDLS opened at $0.65 on Friday. The stock has a market capitalization of $30.58 million, a P/E ratio of -0.66 and a beta of 1.52. Noodles & Company has a 52-week low of $0.55 and a 52-week high of $1.74. The firm has a 50-day moving average price of $0.73 and a 200 day moving average price of $0.75.

Noodles & Company (NASDAQ:NDLS) last announced 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 business had revenue of $122.09 million during the quarter, compared to the consensus estimate of $119.77 million. On average, equities research analysts expect that Noodles & Company will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Noodles & Company

An institutional investor recently bought a new position in Noodles & Company stock. Jane Street Group LLC acquired a new position in shares of Noodles & Company (NASDAQ:NDLS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,810 shares of the restaurant operator’s stock, valued at approximately $41,000. Jane Street Group LLC owned about 0.08% of Noodles & Company as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 65.67% of the company’s stock.

About Noodles & Company

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.