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

Noodles & Company (NASDAQ:NDLS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NDLS. Benchmark reissued a “buy” rating and set a $3.00 target price on shares of Noodles & Company in a report on Monday, March 10th. StockNews.com downgraded Noodles & Company from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th.

Noodles & Company Stock Up 8.3 %

The stock has a market capitalization of $53.97 million, a P/E ratio of -1.62 and a beta of 1.86. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The stock’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.07.

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

Institutional Investors Weigh In On Noodles & Company

A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC raised its position in shares of Noodles & Company (NASDAQ:NDLS) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,300 shares of the restaurant operator’s stock after purchasing an additional 21,800 shares during the quarter. Bridgeway Capital Management LLC owned 0.32% of Noodles & Company worth $85,000 at the end of the most recent quarter. 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.