Noodles & Company (NASDAQ:NDLS) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Noodles & Company (NASDAQ:NDLS) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.84 and traded as high as $14.63. Noodles & Company shares last traded at $14.49, with a volume of 92,804 shares traded.

Wall Street Analysts Forecast Growth

NDLS has been the topic of several recent analyst reports. Wall Street Zen raised Noodles & Company from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research raised Noodles & Company to a “hold” rating in a report on Friday, October 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Noodles & Company in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Noodles & Company Stock Performance

The company’s 50 day moving average is $13.84 and its two-hundred day moving average is $11.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp bought a new stake in shares of Noodles & Company in the 2nd quarter worth about $340,000. Assenagon Asset Management S.A. raised its position in Noodles & Company by 2.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 56,315 shares of the restaurant operator’s stock worth $746,000 after purchasing an additional 1,124 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Noodles & Company in the second quarter worth about $933,000. 65.67% of the stock is owned by hedge funds and other institutional investors.

Noodles & Company Company Profile

Noodles & Company is a fast-casual restaurant company headquartered in Broomfield, Colorado. Founded in 1995, the company operates restaurants serving dishes inspired by noodle and pasta traditions from around the world, with a menu designed to offer customizable meals in a casual setting.

Its menu includes noodle-based entrées such as Wisconsin Mac & Cheese, Japanese Pan Noodles, Pad Thai and spaghetti, along with salads, soups, desserts and beverages. The company also offers options intended to accommodate various dietary preferences, including vegetarian and gluten-sensitive choices, where available.

Noodles & Company serves customers primarily through company-operated and franchised restaurants in the United States.