Price Action Report: Noodles & Co Can’t Be More Risky. Trades Sigfnicicantly Lower

Price Action Report: Noodles & Co Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Noodles & Co (NASDAQ:NDLS) is a huge mover today! The stock decreased 7.78% or $0.35 during the last trading session, hitting $4.15. About 191,356 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.
The move comes after 8 months negative chart setup for the $115.56 million company. It was reported on Nov, 4 by Barchart.com. We have $3.74 PT which if reached, will make NASDAQ:NDLS worth $11.56 million less.

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. Zacks downgraded the shares of NDLS in a report on Monday, August 10 to “Buy” rating. The rating was initiated by Citigroup on Wednesday, November 25 with “Buy”. Piper Jaffray downgraded the stock to “Neutral” rating in Friday, August 7 report. The stock of Noodles & Co (NASDAQ:NDLS) earned “Sector Perform” rating by RBC Capital Markets on Friday, November 6. RBC Capital Markets maintained the shares of NDLS in a report on Friday, August 7 with “Sector Perform” rating. SunTrust initiated Noodles & Co (NASDAQ:NDLS) on Thursday, October 8 with “Neutral” rating. The firm earned “Neutral” rating on Friday, August 5 by Wedbush. The rating was maintained by Citigroup on Tuesday, March 15 with “Buy”. Citigroup maintained Noodles & Co (NASDAQ:NDLS) on Wednesday, October 5 with “Buy” rating. Jefferies downgraded Noodles & Co (NASDAQ:NDLS) on Tuesday, July 26 to “Hold” rating.

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 2016 Q2. Its down 0.48, from 1.48 in 2016Q1. The ratio fall, 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.
Fifth Third National Bank has invested 0% of its portfolio in Noodles & Co (NASDAQ:NDLS). Morgan Stanley, a New York-based fund reported 29,590 shares. Pub Sector Pension Board accumulated 0.73% or 6.74M shares. Teacher Retirement System Of Texas has invested 0% of its portfolio in Noodles & Co (NASDAQ:NDLS). Blackrock Grp Ltd accumulated 4,359 shares or 0% of the stock. Parkside State Bank has 0% invested in the company for 150 shares. Capstone Financial Advsr has invested 0.13% of its portfolio in Noodles & Co (NASDAQ:NDLS). Rhumbline Advisers has 11,245 shares for 0% of their US portfolio. Wealthtrust has 0% invested in the company for 392 shares. Deutsche Natl Bank Ag last reported 113,136 shares in the company. Corecommodity Mgmt Limited Liability holds 100% or 6.83M shares in its portfolio. Neuberger Berman Gru Ltd Co has 41,211 shares for 0% of their US portfolio. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Envestnet Asset accumulated 14,554 shares or 0% of the stock. Credit Suisse Ag has invested 0% of its portfolio 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 Forbes.com‘s news article titled: “What Crushed Noodles & Company’s And Shake Shack’s Stocks” with publication date: August 14, 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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