Noodles & Company (NASDAQ:NDLS) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Noodles & Company (NASDAQ:NDLS)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.07 and traded as low as $1.03. Noodles & Company shares last traded at $1.09, with a volume of 78,416 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Noodles & Company from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th. Benchmark restated a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a report on Monday, March 10th.

Noodles & Company Stock Performance

The stock’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.07. The firm has a market cap of $49.85 million, a P/E ratio of -1.49 and a beta of 1.96. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The business had revenue of $121.77 million for the quarter, compared to the consensus estimate of $123.43 million. During the same period last year, the firm earned ($0.07) earnings per share. As a group, equities analysts predict that Noodles & Company will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC increased its stake in Noodles & Company (NASDAQ:NDLS) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 0.32% of Noodles & Company worth $85,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.67% of the company’s stock.

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.