Benchmark Reiterates “Buy” Rating for Noodles & Company (NASDAQ:NDLS)

Noodles & Company (NASDAQ:NDLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $3.00 price target on the restaurant operator’s stock. Benchmark’s target price suggests a potential upside of 145.90% from the stock’s previous close.

Separately, StockNews.com raised Noodles & Company from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th.

Noodles & Company Stock Down 7.6 %

NDLS opened at $1.22 on Monday. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The company has a market capitalization of $55.73 million, a PE ratio of -1.67 and a beta of 1.96. The business has a 50-day moving average of $1.23 and a 200-day moving average of $1.10. Noodles & Company has a fifty-two week low of $0.55 and a fifty-two week high of $2.36.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, March 6th. The restaurant operator reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $121.77 million for the quarter, compared to analyst estimates of $123.43 million. Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. During the same period in the prior year, the company posted ($0.07) EPS. Equities research analysts forecast that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Trading of Noodles & Company

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC raised its holdings in Noodles & Company (NASDAQ:NDLS) by 17.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,300 shares of the restaurant operator’s stock after buying an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned 0.32% of Noodles & Company worth $85,000 at the end of the most recent quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Noodles & Company Company Profile

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.