Institutional Investor Sentiment About Noodles & Co (NASDAQ:NDLS) Improved

July 27, 2018 - By Ash Maslow

Noodles & Company (NASDAQ:NDLS) Logo

Sentiment for Noodles & Co (NASDAQ:NDLS)

Noodles & Co (NASDAQ:NDLS) institutional sentiment decreased to 0.85 in Q1 2018. Its down -1.15, from 2 in 2017Q4. The ratio dropped, as 22 active investment managers increased and opened new equity positions, while 26 sold and reduced stock positions in Noodles & Co. The active investment managers in our partner’s database now have: 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 $423.31 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 decreased 9.29% or $1.05 during the last trading session, reaching $10.25. About 1.02 million shares traded or 326.05% up from the average. Noodles & Company (NASDAQ:NDLS) has risen 81.63% since July 27, 2017 and is uptrending. It has outperformed by 69.06% the S&P500.

Analysts await Noodles & Company (NASDAQ:NDLS) to report earnings on November, 8. They expect $0.03 EPS, up 50.00 % or $0.01 from last year’s $0.02 per share. NDLS’s profit will be $1.24 million for 85.42 P/E if the $0.03 EPS becomes a reality. After $0.01 actual EPS reported by Noodles & Company for the previous quarter, Wall Street now forecasts 200.00 % 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 insider purchases, and 1 insider sale for $71,857 activity.

Noodles & Company (NASDAQ:NDLS) Ratings Coverage

Ratings analysis reveals 43% of Noodles’s analysts are positive. Out of 7 Wall Street analysts rating Noodles, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $5 while the high is $13.5. The stock’s average target of $9.79 is -4.49% below today’s ($10.25) share price. NDLS was included in 8 notes of analysts from March 15, 2018. The stock of Noodles & Company (NASDAQ:NDLS) has “Market Perform” rating given on Thursday, July 19 by BMO Capital Markets. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, March 15. Citigroup maintained it with “Buy” rating and $13.5 target in Thursday, June 21 report. The rating was maintained by UBS with “Sell” on Thursday, July 19. C.L. King initiated Noodles & Company (NASDAQ:NDLS) on Thursday, May 31 with “Buy” rating. The stock has “Hold” rating by Jefferies on Wednesday, March 14. The company was maintained on Thursday, March 15 by RBC Capital Markets.

More notable recent Noodles & Company (NASDAQ:NDLS) news were published by: Nasdaq.com which released: “Noodles & Company to Announce Second Quarter 2018 Results on July 18, 2018” on July 05, 2018, also Finance.Yahoo.com with their article: “Noodles & Co (NDLS) Stock Surges Ahead of Earnings” published on July 17, 2018, Nasdaq.com published: “Noodles & Company Announces Proposed Follow-on Offering of Common Stock” on July 23, 2018. More interesting news about Noodles & Company (NASDAQ:NDLS) were released by: Seekingalpha.com and their article: “Largest Investors Bailing Out Of Noodles & Company” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “Noodles: Time For A Pause” with publication date: July 20, 2018.

Noodles & Company (NASDAQ:NDLS) Institutional Positions Chart

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