The stock of Noodles & Co (NASDAQ:NDLS) is a huge mover today! The stock increased 7.50% or $0.3 on November 29, hitting $4.3. About 612,628 shares traded hands or 224.00% up from the average. Noodles & Co (NASDAQ:NDLS) has declined 65.69% since April 26, 2016 and is downtrending. It has underperformed by 70.95% the S&P500.
The move comes after 6 months positive chart setup for the $110.11 million company. It was reported on Nov, 29 by Barchart.com. We have $4.64 PT which if reached, will make NASDAQ:NDLS worth $8.81 million more.
Analysts await Noodles & Co (NASDAQ:NDLS) to report earnings on February, 23. After $-0.04 actual EPS reported by Noodles & Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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 firm has “Neutral” rating given on Thursday, October 8 by SunTrust. The stock has “Neutral” rating given by Suntrust Robinson on Thursday, October 8. Citigroup maintained Noodles & Co (NASDAQ:NDLS) rating on Wednesday, October 5. Citigroup has “Buy” rating and $6 price target. The rating was initiated by Citigroup on Wednesday, November 25 with “Buy”. The firm earned “Sector Perform” rating on Friday, November 6 by RBC Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $14 target price in Friday, August 7 report. The rating was downgraded by Jefferies to “Hold” on Tuesday, July 26. The stock of Noodles & Co (NASDAQ:NDLS) earned “Neutral” rating by Wedbush on Friday, August 5. The firm has “Market Perform” rating given on Tuesday, July 26 by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, March 15 by Citigroup.
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 0.78 in Q2 2016. Its down 0.22, from 1 in 2016Q1. The ratio worsened, 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.
Riverbridge Lc accumulated 0.24% or 1.18M shares. Morgan Stanley holds 0% or 29,590 shares in its portfolio. Hightower has invested 0% of its portfolio in Noodles & Co (NASDAQ:NDLS). The New Jersey-based Blackrock Invest Mgmt Ltd Limited Liability Company has invested 0% in Noodles & Co (NASDAQ:NDLS). Nationwide Fund Advisors owns 7,635 shares or 0% of their US portfolio. Bankshares Of New York Mellon Corporation holds 0% or 81,122 shares in its portfolio. Rhumbline Advisers holds 0% of its portfolio in Noodles & Co (NASDAQ:NDLS) for 11,245 shares. Schwab Charles Investment, a California-based fund reported 45,490 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in Noodles & Co (NASDAQ:NDLS). Wealthtrust, a Alabama-based fund reported 392 shares. Ftb has 152 shares for 0% of their US portfolio. State Street Corp reported 168,517 shares or 0% of all its holdings. Moreover, Blackrock Grp Limited has 0% invested in Noodles & Co (NASDAQ:NDLS) for 4,359 shares. Teacher Retirement Of Texas last reported 2,023 shares in the company. Moreover, Teachers has 0% invested in Noodles & Co (NASDAQ:NDLS) for 16,915 shares.
More notable recent Noodles & Co (NASDAQ:NDLS) news were published by: Seekingalpha.com which released: “Zoe’s Kitchen Could Be The Next Noodles & Co.” on November 26, 2016, also Nydailynews.com with their article: “Virginia police officer refused service at Noodles & Co.; 2 fired” published on July 27, 2016, Forbes.com published: “What Crushed Noodles & Company’s And Shake Shack’s Stocks” on August 14, 2016. More interesting news about Noodles & Co (NASDAQ:NDLS) were released by: Baltimoresun.com and their article: “Noodles & Co. giving out free mac and cheese for National Noodle Day” published on October 05, 2016 as well as Desmoinesregister.com‘s news article titled: “Armed man attempts to rob Ingersoll Noodles & Co.” with publication date: September 29, 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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