How Analysts Feel About Noodles & Company (NDLS) After Achieving 52-Week High?

June 14, 2018 - By Hazel Jackson

Noodles & Company (NASDAQ:NDLS) Logo

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 1.15, from 2 in 2017Q4. It turned negative, 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.
Northern Trust Corporation owns 162,524 shares. Bnp Paribas Arbitrage Sa reported 2,639 shares. Vanguard Inc accumulated 691,445 shares. Intl Group Inc invested 0% in Noodles & Company (NASDAQ:NDLS). Virtu Limited Liability Co invested in 15,235 shares or 0.01% of the stock. Jpmorgan Chase And Comm holds 0% or 6,320 shares. Salem Invest Counselors stated it has 0.1% of its portfolio in Noodles & Company (NASDAQ:NDLS). Timpani Capital Ltd invested 0.48% in Noodles & Company (NASDAQ:NDLS). Retail Bank Of Mellon stated it has 36,214 shares. Wells Fargo And Mn holds 8,029 shares. Barclays Public Limited Co invested 0% of its portfolio in Noodles & Company (NASDAQ:NDLS). Tiaa Cref Investment Mngmt Ltd Liability Corporation has invested 0% in Noodles & Company (NASDAQ:NDLS). Sector Pension Invest Board reported 6.75M shares. 23,653 are owned by Grp Inc One Trading L P. Moreover, Royal Bancorporation Of Canada has 0% invested in Noodles & Company (NASDAQ:NDLS) for 754 shares.

Since May 15, 2018, it had 0 insider purchases, and 1 insider 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. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 15. The stock of Noodles & Company (NASDAQ:NDLS) earned “Hold” rating by Jefferies on Wednesday, March 14. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, March 15. As per Tuesday, January 2, the company rating was maintained by SunTrust. The stock has “Buy” rating by C.L. King on Thursday, May 31.

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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