News coverage about Noodles & Co (NASDAQ:NDLS) has been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noodles & Co earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 45.2530287039644 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Noodles & Co (NDLS) EVP Melissa Heidman Sells 4,315 Shares (americanbankingnews.com)
- Noodles & Co (NDLS) Director Sells $111,094.52 in Stock (americanbankingnews.com)
- Insider Selling: Noodles & Co (NDLS) CEO Sells 43,096 Shares of Stock (americanbankingnews.com)
- Noodles & Co (NDLS) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
NDLS has been the subject of several analyst reports. ValuEngine upgraded shares of Noodles & Co from a “buy” rating to a “strong-buy” rating in a report on Monday, June 18th. Zacks Investment Research upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Sunday, July 15th. Royal Bank of Canada raised their price target on shares of Noodles & Co to $9.00 and gave the stock a “market perform” rating in a report on Tuesday, May 29th. BidaskClub lowered shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 20th. Finally, CL King started coverage on shares of Noodles & Co in a research note on Thursday, May 31st. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $10.08.
NASDAQ:NDLS opened at $12.10 on Wednesday. The firm has a market capitalization of $507.97 million, a PE ratio of -605.00, a P/E/G ratio of 40.16 and a beta of -0.61. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.52 and a quick ratio of 0.29. Noodles & Co has a twelve month low of $3.86 and a twelve month high of $13.30.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, July 18th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $117.40 million during the quarter, compared to the consensus estimate of $114.16 million. Noodles & Co had a negative net margin of 4.03% and a negative return on equity of 0.45%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. analysts forecast that Noodles & Co will post 0.04 EPS for the current fiscal year.
In related news, EVP Melissa Heidman sold 4,315 shares of Noodles & Co stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $12.00, for a total value of $51,780.00. Following the completion of the sale, the executive vice president now owns 24,740 shares of the company’s stock, valued at approximately $296,880. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Catterton-Noodles, Llc sold 2,477,842 shares of Noodles & Co stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $10.00, for a total transaction of $24,778,420.00. The disclosure for this sale can be found here. Insiders sold a total of 3,448,909 shares of company stock valued at $34,384,069 in the last quarter. 50.52% of the stock is currently owned by company insiders.
About Noodles & Co
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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