Noodles & Company Stock Scheduled to Reverse Split on Wednesday, February 18th (NASDAQ:NDLS)

Shares of Noodles & Company (NASDAQ:NDLS) are scheduled to reverse split before the market opens on Wednesday, February 18th. The 1-8 reverse split was announced on Wednesday, February 4th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, February 17th.

Noodles & Company Stock Performance

NASDAQ NDLS opened at $0.55 on Friday. Noodles & Company has a 52 week low of $0.55 and a 52 week high of $1.74. The stock’s 50 day moving average price is $0.75 and its two-hundred day moving average price is $0.74. The stock has a market capitalization of $25.73 million, a price-to-earnings ratio of -0.56 and a beta of 1.54.

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

Analyst Ratings Changes

NDLS has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research note on Thursday, January 22nd. Wall Street Zen upgraded Noodles & Company to a “sell” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Noodles & Company currently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Institutional Investors Weigh In On Noodles & Company

A number of institutional investors and hedge funds have recently modified their holdings of NDLS. Goldman Sachs Group Inc. lifted its stake in Noodles & Company by 331.0% in 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 during the last quarter. Jane Street Group LLC bought a new stake in Noodles & Company in the first quarter valued at approximately $41,000. Finally, Assenagon Asset Management S.A. raised its stake in Noodles & Company by 117.0% in 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. 65.67% of the stock is owned by institutional investors.

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.