Noodles & Co (NASDAQ:NDLS): Institutional Investors Aren’t Crazy About It

June 14, 2018 - By Christine McCrea

Noodles & Company (NASDAQ:NDLS) Logo

Sentiment for Noodles & Co (NASDAQ:NDLS)

Noodles & Co (NASDAQ:NDLS) institutional sentiment decreased to 0.85 in 2018 Q1. Its down -1.15, from 2 in 2017Q4. The ratio dived, as 22 active investment managers opened new and increased equity positions, while 26 sold and trimmed equity positions in Noodles & Co. The active investment managers in our partner’s database reported: 20.25 million shares, down from 20.48 million shares in 2017Q4. Also, the number of active investment managers holding Noodles & Co in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 4 Reduced: 22 Increased: 11 New Position: 11.

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.

The stock increased 1.58% or $0.15 during the last trading session, reaching $9.65. About 102,862 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.

Mill Road Capital Management Llc holds 53.43% of its portfolio in Noodles & Company for 8.87 million shares. Eidelman Virant Capital owns 654,000 shares or 3.23% of their US portfolio. Moreover, Prospector Partners Llc has 0.51% invested in the company for 461,104 shares. The Wisconsin-based Timpani Capital Management Llc has invested 0.48% in the stock. Public Sector Pension Investment Board, a Quebec – Canada-based fund reported 6.75 million shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $71,857 activity.

Noodles & Company (NASDAQ:NDLS) Ratings Coverage

Ratings analysis reveals 33% of Noodles & Co’s analysts are positive. Out of 6 Wall Street analysts rating Noodles & Co, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $5 while the high is $11.5000. The stock’s average target of $7.67 is -20.52% below today’s ($9.65) share price. NDLS was included in 6 notes of analysts from January 2, 2018. The company was initiated on Thursday, May 31 by C.L. King. As per Thursday, March 15, the company rating was maintained by BMO Capital Markets. The rating was maintained by SunTrust on Tuesday, January 2 with “Hold”. The firm earned “Hold” rating on Wednesday, March 14 by Jefferies. RBC Capital Markets maintained it with “Hold” rating and $6.0 target in Thursday, March 15 report.

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

Noodles & Company (NASDAQ:NDLS) Institutional Positions Chart

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