Noodles & Company (NDLS) Stock Is An 52-Week High Flier

May 17, 2018 - By Alfred Lee

Noodles & Company (NASDAQ:NDLS) Logo

Investors sentiment increased to 2 in 2017 Q4. Its up 0.59, from 1.41 in 2017Q3. It improved, as 10 investors sold Noodles & Company shares while 8 reduced holdings. 12 funds opened positions while 24 raised stakes. 20.48 million shares or 21.81% less from 26.19 million shares in 2017Q3 were reported.
State Common Retirement Fund stated it has 11,500 shares or 0% of all its holdings. Bridgeway Cap Mngmt stated it has 276,000 shares or 0.02% of all its holdings. Parallax Volatility Advisers Limited Partnership has 1,806 shares for 0% of their portfolio. Bancorporation Of America De, a North Carolina-based fund reported 1,868 shares. Moreover, Creative Planning has 0% invested in Noodles & Company (NASDAQ:NDLS). Renaissance Technologies Limited Com holds 0% or 153,000 shares. Legal & General Grp Incorporated Public Ltd Com stated it has 5,068 shares or 0% of all its holdings. Sei Invests has 500 shares for 0% of their portfolio. 358,263 are owned by Prospector Partners Lc. Ameritas Invest Prns reported 0% in Noodles & Company (NASDAQ:NDLS). Moreover, Federated Invsts Incorporated Pa has 0% invested in Noodles & Company (NASDAQ:NDLS) for 12,906 shares. Tiaa Cref Ltd Llc invested in 36,650 shares. Mill Road Cap Mngmt Limited Liability Co owns 44.52% invested in Noodles & Company (NASDAQ:NDLS) for 8.87 million shares. Rhumbline Advisers reported 0% of its portfolio in Noodles & Company (NASDAQ:NDLS). Vanguard Group Inc Inc holds 734,002 shares.

The stock of Noodles & Company (NASDAQ:NDLS) hit a new 52-week high and has $10.16 target or 9.00 % above today’s $9.33 share price. The 7 months bullish chart indicates low risk for the $383.53M company. The 1-year high was reported on May, 17 by Barchart.com. If the $10.16 price target is reached, the company will be worth $34.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.27% or $0.025 during the last trading session, reaching $9.325. About 66,069 shares traded. Noodles & Company (NASDAQ:NDLS) has risen 48.22% since May 17, 2017 and is uptrending. It has outperformed by 36.67% the S&P500.

Analysts await Noodles & Company (NASDAQ:NDLS) to report earnings on August, 9. They expect $0.02 EPS, up 100.00 % or $0.01 from last year’s $0.01 per share. NDLS’s profit will be $822,582 for 116.56 P/E if the $0.02 EPS becomes a reality. After $-0.04 actual EPS reported by Noodles & Company for the previous quarter, Wall Street now forecasts -150.00 % EPS growth.

Noodles & Company (NASDAQ:NDLS) Ratings Coverage

Among 5 analysts covering Noodles (NASDAQ:NDLS), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Noodles had 5 analyst reports since November 20, 2017 according to SRatingsIntel. BMO Capital Markets maintained Noodles & Company (NASDAQ:NDLS) on Thursday, March 15 with “Market Perform” rating. Citigroup maintained the shares of NDLS in report on Monday, November 20 with “Buy” rating. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 15. The stock of Noodles & Company (NASDAQ:NDLS) has “Hold” rating given on Tuesday, January 2 by SunTrust. The stock has “Hold” rating by Jefferies on Wednesday, March 14.

More notable recent Noodles & Company (NASDAQ:NDLS) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/11: (TTD) (IMMR) (AKCA) Higher; (SYMC) (CYTR) (RDFN) Lower (more…)” on May 11, 2018, also Nasdaq.com with their article: “Noodles & Company to Announce First Quarter 2018 Results on May 10, 2018” published on April 19, 2018, Bizwest.com published: “Noodles interim chief financial officer announces departure” on May 08, 2018. More interesting news about Noodles & Company (NASDAQ:NDLS) were released by: Benzinga.com and their article: “38 Stocks Moving In Friday’s Mid-Day Session” published on May 11, 2018 as well as Benzinga.com‘s news article titled: “50 Biggest Movers From Friday” with publication date: May 14, 2018.

Noodles & Company develops and operates fast casual restaurants in the United States. The company has market cap of $383.53 million. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. It currently has negative earnings. As of January 3, 2017, the firm operated 532 restaurants comprising 457 company-owned and 75 franchised locations, across 35 states, the District of Columbia, and one Canadian province.

Noodles & Company (NASDAQ:NDLS) Institutional Positions Chart

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