Noodles & Company (NASDAQ:NDLS) Stock Passes Above 50 Day Moving Average – What’s Next?

Shares of Noodles & Company (NASDAQ:NDLS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.75 and traded as high as $0.7890. Noodles & Company shares last traded at $0.7410, with a volume of 148,452 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NDLS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Noodles & Company in a research report on Thursday. Wall Street Zen upgraded shares of Noodles & Company to a “sell” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $3.00.

Noodles & Company Trading Down 4.0%

The firm has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $0.75. The company has a market capitalization of $34.66 million, a price-to-earnings ratio of -0.75 and a beta of 1.52.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $122.09 million during the quarter, compared to analyst estimates of $119.77 million. Equities research analysts anticipate that Noodles & Company will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Noodles & Company

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 84,987 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Noodles & Company by 117.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 24,065 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Noodles & Company during the first quarter valued at $41,000. Institutional investors and hedge funds 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.