Noodles & Company (NASDAQ:NDLS) Stock Rating Upgraded by Wall Street Zen

Noodles & Company (NASDAQ:NDLS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Noodles & Company Stock Performance

NASDAQ:NDLS opened at $9.20 on Friday. Noodles & Company has a fifty-two week low of $3.57 and a fifty-two week high of $10.00. The company has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $5.68. The company has a market capitalization of $53.82 million, a PE ratio of -1.24 and a beta of 1.50.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings results on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.29. The firm had revenue of $122.78 million during the quarter, compared to analyst estimates of $122.40 million. Research analysts predict that Noodles & Company will post -0.43 EPS for the current year.

Institutional Trading of Noodles & Company

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Noodles & Company during the 4th quarter valued at $28,000. Assenagon Asset Management S.A. grew its holdings 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 worth $32,000 after purchasing an additional 24,065 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Noodles & Company by 34,246.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 49,657 shares in the last quarter. Jane Street Group LLC bought a new stake in Noodles & Company in the first quarter valued at $41,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 24,600 shares during the period. 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.