Noodles & Company (NASDAQ:NDLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Noodles & Company (NASDAQ:NDLS) from a hold rating to a buy rating in a research note released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Noodles & Company in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Noodles & Company presently has a consensus rating of “Reduce”.

Noodles & Company Trading Down 0.5%

Shares of Noodles & Company stock opened at $18.53 on Friday. The stock has a market capitalization of $110.62 million, a price-to-earnings ratio of -4.62 and a beta of 1.36. The firm’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $9.79. Noodles & Company has a 1-year low of $3.57 and a 1-year high of $19.00.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Friday, July 24th. The restaurant operator reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.23. The business had revenue of $127.04 million during the quarter, compared to analyst estimates of $119.40 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Noodles & Company in the 4th quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Noodles & Company by 34,246.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 49,657 shares during the period. Jane Street Group LLC bought a new position in Noodles & Company in the first quarter valued at about $41,000. Renaissance Technologies LLC increased 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 purchasing an additional 24,600 shares during the period. Finally, XTX Topco Ltd increased its position in Noodles & Company by 228.5% in the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 65,907 shares during the period. Institutional investors and hedge funds 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.