46,915 Shares in Noodles & Co (NDLS) Acquired by Monarch Partners Asset Management LLC

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Monarch Partners Asset Management LLC acquired a new position in shares of Noodles & Co (NASDAQ:NDLS) during the 3rd quarter, Holdings Channel reports. The firm acquired 46,915 shares of the restaurant operator’s stock, valued at approximately $568,000.

A number of other hedge funds have also bought and sold shares of NDLS. Eidelman Virant Capital increased its holdings in Noodles & Co by 9.4% during the 2nd quarter. Eidelman Virant Capital now owns 715,291 shares of the restaurant operator’s stock worth $8,798,000 after purchasing an additional 61,291 shares during the last quarter. First Midwest Bank Trust Division increased its holdings in Noodles & Co by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 50,775 shares of the restaurant operator’s stock worth $625,000 after purchasing an additional 5,920 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Noodles & Co during the 2nd quarter worth approximately $350,000. EAM Investors LLC increased its holdings in Noodles & Co by 99.7% during the 2nd quarter. EAM Investors LLC now owns 184,690 shares of the restaurant operator’s stock worth $2,272,000 after purchasing an additional 92,224 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new stake in Noodles & Co during the 2nd quarter worth approximately $1,460,000. Institutional investors own 61.17% of the company’s stock.

In related news, Director Robert M. Hartnett sold 9,652 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $11.51, for a total transaction of $111,094.52. Following the completion of the transaction, the director now owns 96,606 shares in the company, valued at approximately $1,111,935.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David James Boennighausen sold 43,096 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $11.52, for a total value of $496,465.92. Following the transaction, the chief executive officer now owns 118,261 shares of the company’s stock, valued at approximately $1,362,366.72. The disclosure for this sale can be found here. Insiders sold a total of 63,937 shares of company stock valued at $748,702 over the last quarter. Company insiders own 50.52% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Noodles & Co from $4.00 to $10.00 and gave the company a “$11.80” rating in a report on Thursday, July 19th. Zacks Investment Research downgraded Noodles & Co from a “buy” rating to a “hold” rating in a report on Saturday, July 21st. BidaskClub downgraded Noodles & Co from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine upgraded Noodles & Co from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 17th. Finally, Citigroup lowered their price target on Noodles & Co from $13.50 to $11.50 and set a “buy” rating for the company in a report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Shares of NASDAQ NDLS opened at $9.59 on Wednesday. Noodles & Co has a twelve month low of $3.95 and a twelve month high of $13.50. The company has a quick ratio of 0.36, a current ratio of 0.68 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $415.94 million, a PE ratio of -479.50, a PEG ratio of 29.52 and a beta of -0.21.

Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings results on Tuesday, October 23rd. The restaurant operator reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Noodles & Co had a positive return on equity of 2.23% and a negative net margin of 1.96%. The business had revenue of $116.70 million during the quarter, compared to the consensus estimate of $114.80 million. During the same period in the previous year, the business earned $0.02 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Noodles & Co will post 0.04 EPS for the current year.

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

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