Plaisance Capital LLC increased its position in shares of Noodles & Co (NASDAQ:NDLS) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,693 shares of the restaurant operator’s stock after acquiring an additional 29,455 shares during the quarter. Noodles & Co accounts for about 3.7% of Plaisance Capital LLC’s holdings, making the stock its 7th largest position. Plaisance Capital LLC owned approximately 1.30% of Noodles & Co worth $3,489,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Noodles & Co by 0.3% during the first quarter. BlackRock Inc. now owns 2,073,208 shares of the restaurant operator’s stock worth $9,765,000 after purchasing an additional 5,413 shares during the period. SG Americas Securities LLC purchased a new stake in Noodles & Co in the 1st quarter worth approximately $49,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Noodles & Co during the 1st quarter valued at $189,000. THB Asset Management grew its holdings in shares of Noodles & Co by 3.2% during the 1st quarter. THB Asset Management now owns 384,229 shares of the restaurant operator’s stock valued at $1,809,000 after acquiring an additional 12,005 shares in the last quarter. Finally, Premier Asset Management LLC purchased a new position in shares of Noodles & Co during the 1st quarter valued at $179,000. 69.87% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the company. ValuEngine raised Noodles & Co from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Zacks Investment Research raised Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Saturday, August 8th. BidaskClub cut Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 27th. TheStreet upgraded Noodles & Co from a “d+” rating to a “c-” rating in a report on Thursday, August 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $9.00 price objective on shares of Noodles & Co in a research report on Thursday, June 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Noodles & Co presently has a consensus rating of “Buy” and a consensus price target of $9.31.
NDLS traded down $0.05 on Friday, hitting $7.72. The company had a trading volume of 198,343 shares, compared to its average volume of 378,638. The company’s fifty day moving average price is $7.46 and its 200 day moving average price is $6.21. Noodles & Co has a 1-year low of $3.14 and a 1-year high of $9.31. The company has a debt-to-equity ratio of 9.98, a current ratio of 1.27 and a quick ratio of 1.12. The stock has a market cap of $342.64 million, a price-to-earnings ratio of -20.86 and a beta of 0.94.
Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.03. Noodles & Co had a negative return on equity of 10.90% and a negative net margin of 3.94%. The business had revenue of $80.20 million during the quarter, compared to analysts’ expectations of $79.61 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The firm’s revenue was down 33.3% compared to the same quarter last year. On average, sell-side analysts forecast that Noodles & Co will post -0.22 EPS for the current year.
In other Noodles & Co news, insider Holdings Ll Catterton-Noodles sold 1,435,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $7.85, for a total value of $11,264,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.
Noodles & Co Profile
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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