62,397 Shares in Noodles & Company $NDLS Bought by Citadel Advisors LLC

Citadel Advisors LLC purchased a new position in Noodles & Company (NASDAQ:NDLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 62,397 shares of the restaurant operator’s stock, valued at approximately $933,000.

A number of other large investors also recently added to or reduced their stakes in NDLS. Geode Capital Management LLC lifted its holdings in Noodles & Company by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 27,384 shares in the last quarter. State Street Corp increased its stake in shares of Noodles & Company by 31.1% during the fourth quarter. State Street Corp now owns 181,963 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 43,211 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Noodles & Company by 331.0% during 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 increased its stake in shares of Noodles & Company by 228.5% during the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 65,907 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Noodles & Company by 35.7% during the 4th quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 24,600 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NDLS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Noodles & Company in a research note on Monday, July 6th. Wall Street Zen upgraded Noodles & Company from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Noodles & Company Stock Performance

NASDAQ NDLS opened at $14.00 on Friday. The business has a fifty day moving average price of $14.73 and a 200 day moving average price of $11.83. The company has a market cap of $83.58 million, a P/E ratio of -3.49 and a beta of 1.32. Noodles & Company has a one year low of $3.57 and a one year high of $19.00.

Noodles & Company (NASDAQ:NDLS) last announced its earnings results on Friday, July 24th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.23. The business had revenue of $127.04 million for the quarter, compared to analyst estimates of $119.40 million.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.