Noodles & Company (NASDAQ:NDLS) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Noodles & Company (NASDAQ:NDLSGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.83 and traded as low as $0.60. Noodles & Company shares last traded at $0.61, with a volume of 147,060 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NDLS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a research report on Saturday, September 27th. Benchmark downgraded Noodles & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.00.

Check Out Our Latest Stock Analysis on NDLS

Noodles & Company Price Performance

The stock has a market capitalization of $28.53 million, a PE ratio of -0.65 and a beta of 1.60. The company has a 50 day moving average price of $0.73 and a 200-day moving average price of $0.83.

Noodles & Company (NASDAQ:NDLSGet Free Report) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $126.43 million during the quarter, compared to analysts’ expectations of $131.20 million. Noodles & Company has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Noodles & Company will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Noodles & Company

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Noodles & Company by 331.0% in the first quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 84,987 shares in the last quarter. XTX Topco Ltd bought a new position in Noodles & Company in the first quarter worth $31,000. Finally, Jane Street Group LLC bought a new position in Noodles & Company in the first quarter worth $41,000. Institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

(Get Free Report)

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.

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