Noodles & Company (NASDAQ:NDLS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Noodles & Company (NASDAQ:NDLS)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.42 and traded as high as $5.64. Noodles & Company shares last traded at $5.17, with a volume of 119,932 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NDLS. Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. Wall Street Zen raised shares of 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Noodles & Company presently has a consensus rating of “Reduce” and an average price target of $24.00.

Noodles & Company Stock Down 1.3%

The company has a market cap of $30.24 million, a price-to-earnings ratio of -0.65 and a beta of 1.54. The firm has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $5.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NDLS. Goldman Sachs Group Inc. increased its position in shares of Noodles & Company by 331.0% during the first 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. Jane Street Group LLC acquired a new position in Noodles & Company in the first quarter valued at $41,000. Assenagon Asset Management S.A. boosted 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 acquiring an additional 24,065 shares during the last quarter. Geode Capital Management LLC grew its holdings in Noodles & Company by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 27,384 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Noodles & Company by 34,246.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 49,657 shares during the period. 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.