Goodwin Daniel L boosted its holdings in Noodles & Co (NASDAQ:NDLS) by 70.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 361,400 shares of the restaurant operator’s stock after purchasing an additional 149,400 shares during the quarter. Noodles & Co makes up 1.1% of Goodwin Daniel L’s portfolio, making the stock its 9th largest position. Goodwin Daniel L’s holdings in Noodles & Co were worth $2,458,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Noodles & Co by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock valued at $2,391,000 after purchasing an additional 6,676 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Noodles & Co by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 10,560 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of Noodles & Co by 1,400.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock valued at $1,573,000 after purchasing an additional 210,000 shares in the last quarter. Millennium Management LLC grew its position in shares of Noodles & Co by 41.6% during the fourth quarter. Millennium Management LLC now owns 219,817 shares of the restaurant operator’s stock valued at $1,537,000 after purchasing an additional 64,535 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Noodles & Co by 560.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 6,667 shares in the last quarter. Hedge funds and other institutional investors own 68.14% of the company’s stock.
NDLS traded up $0.01 on Wednesday, hitting $6.66. The company had a trading volume of 5,146 shares, compared to its average volume of 612,200. The firm has a market cap of $293.45 million, a P/E ratio of 334.00, a P/E/G ratio of 6.47 and a beta of 0.04. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.76 million. Noodles & Co had a positive return on equity of 2.44% and a negative net margin of 1.84%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. On average, research analysts forecast that Noodles & Co will post 0.12 earnings per share for the current fiscal year.
Several research analysts recently commented on the company. Zacks Investment Research lowered Noodles & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Jefferies Financial Group upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, February 22nd. BidaskClub lowered Noodles & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Finally, SunTrust Banks dropped their price target on Noodles & Co to $13.00 and set a “buy” rating for the company in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.
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Noodles & Co Profile
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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