Noodles & Company Stock Rating Upgraded by StockNews.com

Recent updates in the stock market have seen a positive shift for the fast-casual restaurant chain, Noodles & Company NDLS, headquartered in Broomfield, Colorado. Renowned analysts at StockNews.com revised their rating from a 'sell' to a 'hold' for the company's stock in a significant research report released to clients and investors last Friday.

Analysts Show Varied Opinions on NDLS

NDLS has drawn varying viewpoints from different equity research analysts recently. While Stephens adjusted their price target for Noodles & Company, setting it at $4.00 and maintaining an 'equal weight' stance, Benchmark had earlier modified their target price from $6.00 down to $5.00 but still recommended a 'buy' rating for NDLS.

NDLS Experiences an Uplift in Trading

The trading price for NDLS started at $2.62 on the noted Friday. With a market capitalization of $117.72 million and a price-to-earnings ratio standing at -43.67, the company presents an interesting profile to investors. The beta value of the stock is 1.49, indicating its volatility in comparison to the overall market. Noodles & Company's financial status is outlined by a current ratio of 0.30, a quick ratio of 0.21, and a debt-to-equity ratio of 1.97. The stock has witnessed a fluctuation between a 12-month low and high of $1.96 and $6.55, respectively, with a fifty-day moving average price at $2.40 and a 200-day moving average price at $3.11.

On the earnings front, NDLS reported their results for the last quarter which showed an earnings per share (EPS) of ($0.02), falling short of the consensus estimates that anticipated $0.07 per share. During the same quarter, the company achieved revenue of $125.15 million, failing to meet the expected $138.10 million projection. The resulting return on equity was a disappointing -0.31%, coupled with a net margin deficit of 0.53%. Analysts predict that Noodles & Company's EPS will settle at -0.04 for this financial year.

Institutional Investors Adjust Holdings in NDLS

Institutional investors have been active in altering their stakes in the business. New positions were established in the shares of Noodles & Company by investors such as First Financial Corp IN and Valeo Financial Advisors LLC, valued at about $25,000 and $29,000, respectively. Meanwhile, Allspring Global Investments Holdings LLC increased its share ownership by 71.9%, Citigroup Inc. and Portside Wealth Group LLC also joined as new investors in NDLS. Currently, institutional investors and hedge funds hold 94.44% of the stock.

Understanding NDLS Further

Noodles & Company stands out in the food industry with its specialized fast-casual dining experience. Establishing its first location in 1995, the company has expanded its operations to include various franchise locations in addition to company-owned outlets. Their menu appeals to a wide audience by offering a broad range of cooked-to-order dishes, encompassing noodles and pasta to soups, salads, and appetizers.

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