The stock of Noodles & Co (NASDAQ:NDLS) hit a new 52-week low and has $3.74 target or 13.00% below today’s $4.30 share price. The 9 months bearish chart indicates high risk for the $119.74M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $3.74 price target is reached, the company will be worth $15.57M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 82,167 shares traded hands. Noodles & Co (NASDAQ:NDLS) has declined 60.90% since April 4, 2016 and is downtrending. It has underperformed by 61.99% the S&P500.
Noodles & Co (NASDAQ:NDLS) Ratings Coverage
Out of 9 analysts covering Noodles & Co (NASDAQ:NDLS), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. Noodles & Co has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Noodles & Co (NASDAQ:NDLS) earned “Buy” rating by Citigroup on Wednesday, October 5. Wedbush maintained it with “Neutral” rating and $7 target price in Friday, August 5 report. The firm has “Hold” rating by Jefferies given on Tuesday, July 26. The rating was initiated by SunTrust with “Neutral” on Thursday, October 8. The rating was downgraded by Zacks to “Buy” on Monday, August 10. On Thursday, October 8 the stock rating was initiated by Suntrust Robinson with “Neutral”. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. The stock of Noodles & Co (NASDAQ:NDLS) has “Sector Perform” rating given on Friday, August 7 by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Tuesday, March 15 report. The stock has “Neutral” rating given by Piper Jaffray on Friday, August 7.
According to Zacks Investment Research, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.48, from 1.48 in 2016Q1. The ratio turned negative, as 6 funds sold all Noodles & Co shares owned while 22 reduced positions. 6 funds bought stakes while 22 increased positions. They now own 31.94 million shares or 25.23% more from 25.51 million shares in 2016Q1.
Netols Asset Mngmt Inc accumulated 520,711 shares or 1.15% of the stock. D E Shaw & Company Inc holds 0% of its portfolio in Noodles & Co (NASDAQ:NDLS) for 25,900 shares. Finemark National Bank & Trust Tru accumulated 59 shares or 0% of the stock. Moreover, Invesco Ltd has 0% invested in Noodles & Co (NASDAQ:NDLS) for 13,603 shares. Glob Thematic Prtnrs Limited Company accumulated 444,034 shares or 0.11% of the stock. The New York-based Bank & Trust Of New York Mellon Corporation has invested 0% in Noodles & Co (NASDAQ:NDLS). Spot Trading Ltd Liability Com has invested 0% of its portfolio in Noodles & Co (NASDAQ:NDLS). Vanguard Gp last reported 0% of its portfolio in the stock. Nationwide Fund holds 0% of its portfolio in Noodles & Co (NASDAQ:NDLS) for 7,635 shares. Tower Research Capital Limited Liability (Trc) accumulated 2,750 shares or 0% of the stock. Envestnet Asset Mngmt Incorporated has 0% invested in the company for 14,554 shares. Ftb Advsr last reported 0% of its portfolio in the stock. Wells Fargo Commerce Mn holds 0% of its portfolio in Noodles & Co (NASDAQ:NDLS) for 7,523 shares. Art Advsr Lc holds 0.01% or 27,305 shares in its portfolio. The Iowa-based Cambridge Invest Rech Advsr has invested 0.01% in Noodles & Co (NASDAQ:NDLS).
More notable recent Noodles & Co (NASDAQ:NDLS) news were published by: Bizjournals.com which released: “Noodles & Company looks at closing more under-performing restaurants” on November 03, 2016, also Foxbusiness.com with their article: “Noodles & Company Is Proof a Rising Tide Does Not Lift All Boats” published on October 28, 2016, Nydailynews.com published: “Virginia police officer refused service at Noodles & Co.; 2 fired” on July 27, 2016. More interesting news about Noodles & Co (NASDAQ:NDLS) were released by: Desmoinesregister.com and their article: “Armed man attempts to rob Ingersoll Noodles & Co.” published on September 29, 2016 as well as Desmoinesregister.com‘s news article titled: “Alleged robber flees Noodles & Company empty handed” with publication date: September 30, 2016.
NDLS Company Profile
Noodles & Company, incorporated on December 19, 2002, develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Firm has approximately 490 restaurants, including over 420 Company-owned and 70 franchised locations, across over 40 states, the District of Columbia and one Canadian province.
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