Reaffirmed: Noodles & Co (NASDAQ:NDLS) “Hold” Rating Kept at Jefferies; $4.5 Target in Place

September 17, 2017 - By Vivian Currie

 Reaffirmed: Noodles & Co (NASDAQ:NDLS)

Investors sentiment increased to 1.06 in Q4 2016. Its up 0.28, from 0.78 in 2016Q3. It increased, as 12 investors sold Noodles & Co shares while 19 reduced holdings. 10 funds opened positions while 23 raised stakes. 22.07 million shares or 1.00% less from 22.29 million shares in 2016Q3 were reported.

Jpmorgan Chase, New York-based fund reported 16,699 shares. Moreover, Blackrock Advisors Ltd Liability has 0% invested in Noodles & Co (NASDAQ:NDLS) for 7,424 shares. Fmr Lc holds 0% or 3.95M shares in its portfolio. Susquehanna Interest Gru Ltd Liability Partnership owns 70,075 shares for 0% of their portfolio. Barclays Plc has 1,234 shares. Blackrock Invest Mgmt Limited Liability Co holds 45,458 shares or 0% of its portfolio. Group reported 0% stake. Netols Asset Mgmt Inc invested in 854,438 shares or 0.72% of the stock. Creative Planning, a Kansas-based fund reported 150 shares. Bancorporation Of Ny Mellon reported 0% stake. The New York-based D E Shaw has invested 0% in Noodles & Co (NASDAQ:NDLS). National Bank & Trust Of America Corporation De invested in 0% or 3,375 shares. Spark Investment Mgmt Limited Liability Corp accumulated 136,000 shares. Prospector Prns Ltd Limited Liability Company reported 237,400 shares or 0.14% of all its holdings. Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Noodles & Co (NASDAQ:NDLS).

Since June 15, 2017, it had 1 buy, and 0 selling transactions for $255,408 activity.

Noodles & Co (NASDAQ:NDLS) Rating Reaffirmed

Stock analysts at Jefferies now has a $4.5 target price on Noodles & Co (NASDAQ:NDLS). Jefferies and their recent target price would suggest a potential upside of 2.27 % from the company’s previous stock close. The rating has been disclosed in a research report on Monday, 11 September.

Investors sentiment increased to 1.06 in Q4 2016. Its up 0.28, from 0.78 in 2016Q3. It increased, as 12 investors sold Noodles & Co shares while 19 reduced holdings. 10 funds opened positions while 23 raised stakes. 22.07 million shares or 1.00% less from 22.29 million shares in 2016Q3 were reported.

Jpmorgan Chase, New York-based fund reported 16,699 shares. Moreover, Blackrock Advisors Ltd Liability has 0% invested in Noodles & Co (NASDAQ:NDLS) for 7,424 shares. Fmr Lc holds 0% or 3.95M shares in its portfolio. Susquehanna Interest Gru Ltd Liability Partnership owns 70,075 shares for 0% of their portfolio. Barclays Plc has 1,234 shares. Blackrock Invest Mgmt Limited Liability Co holds 45,458 shares or 0% of its portfolio. Group reported 0% stake. Netols Asset Mgmt Inc invested in 854,438 shares or 0.72% of the stock. Creative Planning, a Kansas-based fund reported 150 shares. Bancorporation Of Ny Mellon reported 0% stake. The New York-based D E Shaw has invested 0% in Noodles & Co (NASDAQ:NDLS). National Bank & Trust Of America Corporation De invested in 0% or 3,375 shares. Spark Investment Mgmt Limited Liability Corp accumulated 136,000 shares. Prospector Prns Ltd Limited Liability Company reported 237,400 shares or 0.14% of all its holdings. Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Noodles & Co (NASDAQ:NDLS).

Since June 15, 2017, it had 1 buy, and 0 selling transactions for $255,408 activity.

Noodles & Co (NASDAQ:NDLS) Ratings Coverage

Among 10 analysts covering Noodles & Co (NASDAQ:NDLS), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Noodles & Co has $18 highest and $400 lowest target. $7.89’s average target is 79.32% above currents $4.4 stock price. Noodles & Co had 30 analyst reports since August 7, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Sell” rating in Thursday, August 10 report. As per Friday, January 6, the company rating was downgraded by UBS. On Monday, September 11 the stock rating was maintained by Jefferies with “Hold”. BMO Capital Markets maintained Noodles & Co (NASDAQ:NDLS) rating on Thursday, August 10. BMO Capital Markets has “Hold” rating and $500 target. On Thursday, June 22 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm earned “Sector Perform” rating on Friday, August 7 by RBC Capital Markets. RBC Capital Markets maintained the shares of NDLS in report on Friday, November 6 with “Sector Perform” rating. Jefferies maintained it with “Hold” rating and $5.5000 target in Tuesday, June 20 report. RBC Capital Markets maintained the shares of NDLS in report on Friday, August 11 with “Hold” rating. On Tuesday, July 26 the stock rating was downgraded by Jefferies to “Hold”.

The stock decreased 6.38% or $0.3 on September 15, reaching $4.4. About 241,778 shares traded or 94.66% up from the average. Noodles & Co (NASDAQ:NDLS) has declined 49.79% since September 17, 2016 and is downtrending. It has underperformed by 66.49% the S&P500.

Analysts expect Noodles & Co (NASDAQ:NDLS) to report $0.02 EPS on November, 2.They anticipate $0.06 EPS change or 150.00 % from last quarter’s $-0.04 EPS. NDLS’s profit would be $822,227 giving it 55.00 P/E if the $0.02 EPS is correct. After having $0.01 EPS previously, Noodles & Co’s analysts see 100.00 % EPS growth.

Noodles & Company develops and operates fast casual restaurants. The company has market cap of $180.89 million. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. It currently has negative earnings. The Firm has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

More important recent Noodles & Co (NASDAQ:NDLS) news were published by: Seekingalpha.com which released: “Noodles: Don’t Go Near It” on September 01, 2017, also Businessinsider.com published article titled: “Noodles & Co. is pivoting from its signature dish after carb-fearing customers …”, Globenewswire.com published: “Brad West Named Executive Vice President – Operations at Noodles & Company” on September 06, 2017. More interesting news about Noodles & Co (NASDAQ:NDLS) was released by: Globenewswire.com and their article: “Noodles & Company Continues Fight Against Childhood Hunger, Invites Guests to …” with publication date: August 31, 2017.

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