Goodwin Daniel L Acquires 149,400 Shares of Noodles & Co (NDLS)

Goodwin Daniel L raised its holdings in shares of Noodles & Co (NASDAQ:NDLS) by 70.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,400 shares of the restaurant operator’s stock after purchasing an additional 149,400 shares during the period. Noodles & Co accounts for about 1.1% of Goodwin Daniel L’s holdings, making the stock its 9th largest holding. Goodwin Daniel L owned about 0.82% of Noodles & Co worth $2,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NDLS. SG Capital Management LLC grew its holdings in shares of Noodles & Co by 224.3% during the 4th quarter. SG Capital Management LLC now owns 1,030,686 shares of the restaurant operator’s stock worth $7,204,000 after acquiring an additional 712,827 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Noodles & Co in the 4th quarter worth approximately $91,000. JPMorgan Chase & Co. grew its stake in shares of Noodles & Co by 858.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock worth $3,090,000 after buying an additional 228,781 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of Noodles & Co by 39.9% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 930,759 shares of the restaurant operator’s stock worth $6,506,000 after buying an additional 265,537 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Noodles & Co by 1,400.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock worth $1,573,000 after buying an additional 210,000 shares during the last quarter. 68.14% of the stock is owned by institutional investors and hedge funds.

NDLS has been the topic of several recent research reports. BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, January 9th. Jefferies Financial Group upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Friday, February 22nd. Finally, SunTrust Banks cut their price target on Noodles & Co to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.50.

NDLS stock traded up $0.01 during midday trading on Wednesday, hitting $6.66. The company’s stock had a trading volume of 5,146 shares, compared to its average volume of 612,200. The stock has a market capitalization of $293.45 million, a PE ratio of 334.00, a price-to-earnings-growth ratio of 6.47 and a beta of 0.04. Noodles & Co has a 12 month low of $5.85 and a 12 month high of $13.50. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.76 million. Noodles & Co had a negative net margin of 1.84% and a positive return on equity of 2.44%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. On average, research analysts predict that Noodles & Co will post 0.12 earnings per share for the current year.

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Noodles & Co Company Profile

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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Institutional Ownership by Quarter for Noodles & Co (NASDAQ:NDLS)

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