Noodles & Company (NASDAQ:NDLS) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Noodles & Company (NASDAQ:NDLS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.89 and traded as low as $0.67. Noodles & Company shares last traded at $0.68, with a volume of 386,725 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on NDLS shares. Benchmark downgraded shares of Noodles & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen assumed coverage on shares of Noodles & Company in a research note on Thursday, May 22nd. They set a “sell” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.00.

Noodles & Company Trading Up 1.0%

The stock has a market capitalization of $31.44 million, a P/E ratio of -0.72 and a beta of 1.62. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.89.

Noodles & Company (NASDAQ:NDLS) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Noodles & Company had a negative net margin of 8.70% and a negative return on equity of 278.23%. The company had revenue of $126.43 million during the quarter, compared to analyst estimates of $131.20 million. Noodles & Company has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock valued at $121,000 after acquiring an additional 84,987 shares in the last quarter. Jane Street Group LLC acquired a new position in Noodles & Company in the first quarter worth $41,000. Finally, XTX Topco Ltd bought a new stake in Noodles & Company during the first quarter valued at $31,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

About Noodles & Company

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.