Mill Road Capital Management LLC Decreased Its Noodles & Co (NDLS) Stake by $11.15 Million; Shares Declined

Noodles & Company (NASDAQ:NDLS) Corporate LogoDuring Q4 2018 the big money sentiment decreased to 1.77. That’s change of 1.23, from 2018Q3’s 3. 11 investors sold all, 24 reduced holdings as NDLS ratio turned negative. 32 increased positions while 30 funds amassed positions. Funds hold 27.11 million shares thus 4.56% less from 2018Q3’s 28.41 million shares. Boothbay Fund Mgmt Ltd Co invested 0.06% in Noodles & Company (NASDAQ:NDLS). Spark Inv Mngmt Ltd Liability Company invested in 0.01% or 24,600 shs. Rhumbline Advisers has 17,071 shs for 0% of their capital. State Common Retirement Fund, a New York-based fund reported 11,500 shs. Legal General Plc holds 2,312 shs or 0% of its capital. 970 were accumulated by Ameritas Investment Ptnrs. Goldman Sachs Grp holds 0% or 25,924 shs. Northern Trust accumulated 229,001 shs. Emerald Mutual Fund Advisers Trust invested in 665,222 shs or 0.27% of the stock. Cooper Creek Mgmt Ltd reported 305,565 shs. Public Sector Pension Inv Board has 0.26% invested in Noodles & Company (NASDAQ:NDLS) for 4.36 million shs. Geode Capital Limited Company owns 342,158 shs for 0% of their capital. Tudor Inv Et Al stated it has 51,207 shs or 0.01% of all its holdings. Vanguard Incorporated reported 1.29 million shs. Deutsche State Bank Ag has invested 0% in Noodles & Company (NASDAQ:NDLS).

NDLS had 5 sales and 0 insider purchases since October 16, 2018. This’s net activity of $49.71 million. Heidman Melissa sold 5,924 shs worth $77,012. On Wednesday, November 28 the insider Mill Road Capital II – L.P. sold $16.54M. PUBLIC SECTOR PENSION INVESTMENT BOARD sold $16.54 million worth of Noodles & Company (NASDAQ:NDLS) on Wednesday, November 28. On Thursday, November 29 $16.54 million worth of Noodles & Company (NASDAQ:NDLS) was sold by Catterton-Noodles – LLC.

In 2018Q4 SEC filling is reported Mill Road Capital Management Llc’s holdings in Noodles & Co (NDLS) which was reduced by 27.89%. By selling 1.86 million shares Mill Road Capital Management Llc made the stock sank with 16.88%. The restaurants company at the end of 2018Q4 was priced at $33.58M. It’s down from 6.66M at the end of the previous reported quarter. Now it had 4.80M shares held by the hedge fund . Mill Road Capital Management Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Investors wait Noodles & Company (NASDAQ:NDLS)’s quarterly earnings on March, 14 after the close., as reported by RTT. Analysts have anticipation on stock’s EPS of $0.02. That’s up 100.00 % from last year’s $0.01 EPS. This could reach $878,443 profit for NDLS assuming the current $0.02 EPS will become reality. Wall Street sees -50.00 % negative EPS growth as of March, 14.

For more Noodles & Company (NASDAQ:NDLS) news published recently go to: Seekingalpha.com, Prnewswire.com, Nasdaq.com, Nasdaq.com or Seekingalpha.com. The titles are as follows: “Noodles & Company: Why I’m Short Again – Seeking Alpha” published on October 01, 2018, “Noodles & Company Introduces Limited-Time Only Shrimp Dishes – PRNewswire” on February 13, 2019, “Noodles & Company (NDLS) Stock Up Despite Q2 Earnings Miss – Nasdaq” with a publish date: July 19, 2018, “Noodles & Company to Announce Fourth Quarter and Full Year 2018 Results on March 14, 2019 – Nasdaq” and the last “Noodles Is An Easy Short Again – Seeking Alpha” with publication date: March 20, 2018.

Noodles & Company (NASDAQ:NDLS) Ratings Coverage

In total 6 analysts cover Noodles (NASDAQ:NDLS). “Buy” rating has 4, “Sell” are 0, while 2 are “Hold”. (NASDAQ:NDLS) has 67% bullish analysts. 7 are the (NASDAQ:NDLS)’s ratings reports on Mar 7, 2019 according to StockzIntelligence Inc. The company rating was maintained by Citigroup on Tuesday, September 18. On Friday, February 22 the rating was upgraded by Jefferies to “Buy”. The stock rating was upgraded by PiperJaffray to “Neutral” on Friday, November 9. On Monday, December 3 RBC Capital Markets upgraded the shares of NDLS in report to “Outperform” rating. On Tuesday, October 16 the company was upgraded by SunTrust. On Tuesday, October 30 the rating was maintained by Citigroup with “Buy”. In Wednesday, October 24 report BMO Capital Markets maintained it with “Market Perform” rating and $11 target.

Noodles & Company (NASDAQ:NDLS) Institutional Investors Chart

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