Noodles & (NASDAQ:NDLS) Earns Coverage Optimism Rating of 0.10

Press coverage about Noodles & (NASDAQ:NDLS) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noodles & earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 45.7311878424858 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently commented on NDLS shares. Zacks Investment Research downgraded shares of Noodles & from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Wedbush reissued a “hold” rating and issued a $5.50 price objective on shares of Noodles & in a research note on Wednesday, May 10th. ValuEngine downgraded Noodles & from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price target on shares of Noodles & in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price target (down from $5.50) on shares of Noodles & in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.72.

Noodles & (NASDAQ NDLS) opened at 3.75 on Friday. Noodles & has a 12 month low of $3.16 and a 12 month high of $7.15. The stock’s 50 day moving average price is $4.02 and its 200-day moving average price is $4.45. The firm’s market capitalization is $154.16 million.

Noodles & (NASDAQ:NDLS) last announced its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The firm had revenue of $112.79 million during the quarter, compared to analyst estimates of $113.98 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Noodles &’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities analysts forecast that Noodles & will post ($0.01) earnings per share for the current year.

In other news, Director Robert M. Hartnett acquired 72,000 shares of Noodles & stock in a transaction dated Thursday, June 15th. The shares were acquired at an average cost of $3.55 per share, for a total transaction of $255,600.00. Following the acquisition, the director now owns 61,682 shares of the company’s stock, valued at $218,971.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 52.67% of the stock is currently owned by company insiders.

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Noodles & Company Profile

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

Insider Buying and Selling by Quarter for Noodles & (NASDAQ:NDLS)

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