Noodles & Company reports Q3 loss, stock plummets to $1.01 as analysts downgrade ratings.

Noodles & Company, a fast-casual restaurant chain, reported a Q3 loss of $0.12 per share, missing estimates and showing negative financial metrics like return on equity and net margin. The stock fell to $1.01, with analysts downgrading ratings and lowering price targets. Despite a revenue of $122.75 million, it fell short of projections. Institutional investors continue to trade the stock, which has a market cap of $45.87 million and a volatile beta of 1.73.

November 09, 2024
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