Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Noodles & Company (NASDAQ:NDLS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.72 and traded as low as $0.4816. Noodles & Company shares last traded at $0.4920, with a volume of 290,286 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Noodles & Company to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.00.

Noodles & Company Price Performance

The company has a market cap of $23.04 million, a P/E ratio of -0.50 and a beta of 1.54. The stock’s 50-day moving average is $0.71 and its two-hundred day moving average is $0.72.

Noodles & Company shares are scheduled to reverse split 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 closing bell on Tuesday, February 17th.

Hedge Funds Weigh In On Noodles & Company

Institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in shares of 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 buying an additional 24,065 shares during the last quarter. Renaissance Technologies LLC raised its position in Noodles & Company by 35.7% in the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 24,600 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 last quarter. Jane Street Group LLC bought a new stake in shares of Noodles & Company during the 1st quarter valued at $41,000. Finally, State Street Corp grew its position in shares of Noodles & Company by 31.1% during the 4th quarter. State Street Corp now owns 181,963 shares of the restaurant operator’s stock valued at $128,000 after acquiring an additional 43,211 shares during the period. Institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

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.