The stock of Noodles & Co (NASDAQ:NDLS) reached all time low today, Nov, 4 and still has $3.78 target or 10.00% below today’s $4.20 share price. This indicates more downside for the $116.96 million company. This technical setup was reported by Barchart.com. If the $3.78 PT is reached, the company will be worth $11.70 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 83,599 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. As per Tuesday, July 26, the company rating was downgraded by BMO Capital Markets. The firm has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The firm earned “Sector Perform” rating on Friday, August 7 by RBC Capital Markets. The rating was maintained by Citigroup on Wednesday, October 5 with “Buy”. The firm earned “Neutral” rating on Thursday, October 8 by Suntrust Robinson. The rating was downgraded by Zacks on Monday, August 10 to “Buy”. The company was downgraded on Friday, August 7 by Piper Jaffray. As per Friday, August 5, the company rating was maintained by Wedbush. The rating was downgraded by Jefferies on Tuesday, July 26 to “Hold”. Citigroup initiated the stock with “Buy” rating in Wednesday, November 25 report.
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.
Catterton Mgmt Com Ltd Liability Com last reported 100% of its portfolio in the stock. Blackrock Inv Lc holds 45,521 shares or 0% of its portfolio. American Grp Inc reported 6,358 shares or 0% of all its holdings. 12 West Mgmt Lp has invested 0.57% of its portfolio in Noodles & Co (NASDAQ:NDLS). Citigroup last reported 3,496 shares in the company. Blackrock last reported 1,911 shares in the company. Blackrock holds 4,359 shares or 0% of its portfolio. Invesco Limited accumulated 0% or 13,603 shares. Envestnet Asset Mgmt Incorporated, a Illinois-based fund reported 14,554 shares. Royal Natl Bank Of Canada accumulated 0% or 1,238 shares. Ftb Advsr accumulated 0% or 152 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Noodles & Co (NASDAQ:NDLS). Capstone Incorporated last reported 25,000 shares in the company. The Massachusetts-based Geode Capital Mgmt Lc has invested 0% in Noodles & Co (NASDAQ:NDLS). Ray Gerald L & Associate Ltd last reported 20,700 shares in the company.
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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