Noodles & Co (NDLS) Sets New 12-Month High at $6.70

Noodles & Co (NASDAQ:NDLS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.70 and last traded at $6.15, with a volume of 21300 shares trading hands. The stock had previously closed at $6.15.

Several equities research analysts have commented on the company. BidaskClub cut Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and issued a $6.00 target price on shares of Noodles & Co in a research note on Wednesday, January 3rd. Citigroup boosted their target price on Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 target price on Noodles & Co and gave the company a “hold” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.00.

The company has a market cap of $279.61, a P/E ratio of -2.24, a P/E/G ratio of 8.95 and a beta of -0.26. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Noodles & Co by 3.2% during the 4th quarter. BlackRock Inc. now owns 840,837 shares of the restaurant operator’s stock worth $4,415,000 after purchasing an additional 26,022 shares in the last quarter. Eidelman Virant Capital raised its stake in shares of Noodles & Co by 117.5% during the 4th quarter. Eidelman Virant Capital now owns 809,170 shares of the restaurant operator’s stock worth $4,248,000 after purchasing an additional 437,170 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Noodles & Co by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock worth $1,694,000 after purchasing an additional 28,054 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Noodles & Co during the 3rd quarter worth approximately $1,327,000. Finally, Royce & Associates LP raised its stake in shares of Noodles & Co by 433.3% during the 3rd quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock worth $880,000 after purchasing an additional 162,500 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

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About Noodles & Co

Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

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