After Achieving 52-Week High, Is Noodles & Company (NDLS)’s Near-Term Analysis Positive?

June 14, 2018 - By Eugene Smith

Noodles & Company (NASDAQ:NDLS) Logo

Investors sentiment decreased to 0.85 in Q1 2018. Its down 1.15, from 2 in 2017Q4. It fall, as 4 investors sold Noodles & Company shares while 22 reduced holdings. 11 funds opened positions while 11 raised stakes. 20.25 million shares or 1.11% less from 20.48 million shares in 2017Q4 were reported.
Tiaa Cref Management Llc holds 0% or 34,229 shares in its portfolio. Wells Fargo Mn reported 0% in Noodles & Company (NASDAQ:NDLS). California State Teachers Retirement stated it has 0% in Noodles & Company (NASDAQ:NDLS). Federated Invsts Inc Pa invested in 180 shares. Pub Sector Pension Investment Board reported 6.75M shares or 0.36% of all its holdings. Citigroup invested 0% in Noodles & Company (NASDAQ:NDLS). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Noodles & Company (NASDAQ:NDLS). Timpani Cap Ltd Llc holds 180,337 shares. Deutsche Financial Bank Ag, a Germany-based fund reported 13,271 shares. Us Fincl Bank De has invested 0% in Noodles & Company (NASDAQ:NDLS). National Bank & Trust Of Montreal Can reported 0% of its portfolio in Noodles & Company (NASDAQ:NDLS). Group Inc has invested 0% in Noodles & Company (NASDAQ:NDLS). First Midwest Natl Bank Trust Division holds 0.05% or 44,855 shares in its portfolio. Northern Tru holds 162,524 shares or 0% of its portfolio. 461,104 were reported by Prospector Partners Ltd.

Since May 15, 2018, it had 0 insider buys, and 1 sale for $71,857 activity.

The stock of Noodles & Company (NASDAQ:NDLS) hit a new 52-week high and has $10.13 target or 5.00 % above today’s $9.65 share price. The 6 months bullish chart indicates low risk for the $397.20M company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $10.13 price target is reached, the company will be worth $19.86M 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 1.58% or $0.15 during the last trading session, reaching $9.65. About 107,903 shares traded. Noodles & Company (NASDAQ:NDLS) has risen 81.63% since June 14, 2017 and is uptrending. It has outperformed by 69.06% the S&P500.

Analysts await Noodles & Company (NASDAQ:NDLS) to report earnings on August, 9. They expect $0.03 earnings per share, up 200.00 % or $0.02 from last year’s $0.01 per share. NDLS’s profit will be $1.23 million for 80.42 P/E if the $0.03 EPS becomes a reality. After $-0.04 actual earnings per share reported by Noodles & Company for the previous quarter, Wall Street now forecasts -175.00 % EPS growth.

Noodles & Company (NASDAQ:NDLS) Ratings Coverage

Among 6 analysts covering Noodles & Co (NASDAQ:NDLS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Noodles & Co had 6 analyst reports since January 2, 2018 according to SRatingsIntel. RBC Capital Markets maintained Noodles & Company (NASDAQ:NDLS) on Thursday, March 15 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, March 14. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, March 15. The stock of Noodles & Company (NASDAQ:NDLS) earned “Hold” rating by SunTrust on Tuesday, January 2. On Thursday, May 31 the stock rating was initiated by C.L. King with “Buy”.

More news for Noodles & Company (NASDAQ:NDLS) were recently published by: Nasdaq.com, which released: “Noodles & Company to Participate at the 2018 RBC Capital Markets’ Consumer & Retail Conference” on May 21, 2018. Seekingalpha.com‘s article titled: “Noodles sized up after big rally” and published on May 29, 2018 is yet another important article.

Noodles & Company develops and operates fast casual restaurants in the United States. The company has market cap of $397.20 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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