Kennedy Capital Management LLC Has $736,000 Stock Position in Noodles & Company (NASDAQ:NDLS)

Kennedy Capital Management LLC reduced its holdings in Noodles & Company (NASDAQ:NDLS) by 59.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 385,522 shares of the restaurant operator’s stock after selling 576,580 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.85% of Noodles & Company worth $736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Noodles & Company by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after acquiring an additional 17,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Noodles & Company during the first quarter worth $32,000. Sierra Summit Advisors LLC bought a new position in Noodles & Company during the fourth quarter worth $443,000. Mill Road Capital Management LLC boosted its stake in Noodles & Company by 0.3% during the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in Noodles & Company during the fourth quarter worth $301,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NDLS shares. Truist Financial reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Noodles & Company in a research note on Monday, July 1st. StockNews.com raised shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Finally, Benchmark reissued a “buy” rating and set a $3.00 price target on shares of Noodles & Company in a research report on Monday, May 13th.

Noodles & Company Stock Performance

NASDAQ NDLS opened at $1.74 on Thursday. Noodles & Company has a 52-week low of $1.11 and a 52-week high of $3.80. The company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.99. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.17 and a current ratio of 0.31.

Noodles & Company (NASDAQ:NDLS) last posted its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. The business had revenue of $121.40 million during the quarter, compared to the consensus estimate of $122.17 million. Analysts forecast that Noodles & Company will post -0.28 earnings per share for the current fiscal year.

Noodles & Company Profile

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.