New York: Noodles & Co (NASDAQ:NDLS) Stock Has Just Had Its Hold Rating Reiterated by Jefferies. Shares now Have a $4.5 Target

September 17, 2017 - By Marie Mckinney

 New York: Noodles & Co (NASDAQ:NDLS) Stock Has Just Had Its Hold Rating Reiterated by Jefferies. Shares now Have a $4.5 Target

Investors sentiment increased to 1.06 in 2016 Q4. Its up 0.28, from 0.78 in 2016Q3. It is positive, 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.

Invesco invested in 17,281 shares or 0% of the stock. Barclays Public Limited Co holds 0% or 1,234 shares in its portfolio. 1,578 are owned by Blackrock Inc. State Bank Of America Corp De, a North Carolina-based fund reported 3,375 shares. Blackrock Fund Advsr reported 0% in Noodles & Co (NASDAQ:NDLS). Citigroup Inc has 0% invested in Noodles & Co (NASDAQ:NDLS) for 1,308 shares. Jpmorgan Chase Company accumulated 16,699 shares. Retail Bank Of Ny Mellon owns 0% invested in Noodles & Co (NASDAQ:NDLS) for 57,513 shares. Meeder Asset Inc reported 2,064 shares. Moreover, Dimensional Fund Advisors Ltd Partnership has 0% invested in Noodles & Co (NASDAQ:NDLS). Legal & General Grp Public Limited Com reported 2,782 shares. Royal State Bank Of Canada invested in 963 shares. Blackrock Advsrs Ltd Com reported 0% in Noodles & Co (NASDAQ:NDLS). Vanguard Group Inc accumulated 0% or 376,316 shares. Renaissance Tech Ltd Liability Co stated it has 395,800 shares or 0% of all its holdings.

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

Noodles & Co (NASDAQ:NDLS) Rating Reaffirmed

The company has just set a TP of $4.5 on Noodles & Co (NASDAQ:NDLS) shares. This is 2.27 % from the current price. In a note shared with investors and clients on Monday morning, Jefferies reaffirmed their Hold rating on shares of NDLS.

Investors sentiment increased to 1.06 in 2016 Q4. Its up 0.28, from 0.78 in 2016Q3. It is positive, 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.

Invesco invested in 17,281 shares or 0% of the stock. Barclays Public Limited Co holds 0% or 1,234 shares in its portfolio. 1,578 are owned by Blackrock Inc. State Bank Of America Corp De, a North Carolina-based fund reported 3,375 shares. Blackrock Fund Advsr reported 0% in Noodles & Co (NASDAQ:NDLS). Citigroup Inc has 0% invested in Noodles & Co (NASDAQ:NDLS) for 1,308 shares. Jpmorgan Chase Company accumulated 16,699 shares. Retail Bank Of Ny Mellon owns 0% invested in Noodles & Co (NASDAQ:NDLS) for 57,513 shares. Meeder Asset Inc reported 2,064 shares. Moreover, Dimensional Fund Advisors Ltd Partnership has 0% invested in Noodles & Co (NASDAQ:NDLS). Legal & General Grp Public Limited Com reported 2,782 shares. Royal State Bank Of Canada invested in 963 shares. Blackrock Advsrs Ltd Com reported 0% in Noodles & Co (NASDAQ:NDLS). Vanguard Group Inc accumulated 0% or 376,316 shares. Renaissance Tech Ltd Liability Co stated it has 395,800 shares or 0% of all its holdings.

Since June 15, 2017, it had 1 insider buy, and 0 insider sales 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. On Thursday, August 10 the stock rating was maintained by Jefferies with “Hold”. The rating was downgraded by Zacks to “Buy” on Monday, August 10. Wedbush maintained the shares of NDLS in report on Friday, August 11 with “Hold” rating. The rating was maintained by BMO Capital Markets on Thursday, June 22 with “Hold”. The company was maintained on Thursday, August 10 by BMO Capital Markets. As per Tuesday, July 26, the company rating was downgraded by BMO Capital Markets. Suntrust Robinson initiated it with “Neutral” rating and $15 target in Thursday, October 8 report. SunTrust initiated Noodles & Co (NASDAQ:NDLS) on Thursday, October 8 with “Neutral” rating. Jefferies maintained the shares of NDLS in report on Tuesday, June 20 with “Hold” rating. The firm earned “Buy” rating on Wednesday, October 5 by Citigroup.

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: Globenewswire.com which released: “Brad West Named Executive Vice President – Operations at Noodles & Company” on September 06, 2017, also Businessinsider.com published article titled: “Noodles & Co. is pivoting from its signature dish after carb-fearing customers …”, Seekingalpha.com published: “Noodles: Don’t Go Near It” on September 01, 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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