Equities research analysts forecast that Noodles & Co (NASDAQ:NDLS) will post $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noodles & Co’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.04. Noodles & Co posted earnings of $0.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 200%. The firm is scheduled to report its next quarterly earnings report on Thursday, August 9th.
On average, analysts expect that Noodles & Co will report full-year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.05. For the next year, analysts anticipate that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.05 to $0.09. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, May 10th. The restaurant operator reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $107.78 million. Noodles & Co had a negative net margin of 3.16% and a negative return on equity of 0.66%. Noodles & Co’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS.
NDLS has been the subject of several research reports. BMO Capital Markets set a $5.00 price objective on shares of Noodles & Co and gave the company a “hold” rating in a research note on Wednesday, March 14th. Royal Bank of Canada increased their price objective on shares of Noodles & Co to $9.00 and gave the company a “market perform” rating in a research note on Tuesday, May 29th. BidaskClub raised shares of Noodles & Co from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. CL King initiated coverage on shares of Noodles & Co in a research note on Thursday, May 31st. They issued a “buy” rating for the company. Finally, ValuEngine
raised shares of Noodles & Co from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.75.
In other Noodles & Co news, insider Susan Daggett sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $9.58, for a total value of $71,850.00. Following the completion of the transaction, the insider now directly owns 23,800 shares in the company, valued at approximately $228,004. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 50.52% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tenzing Global Management LLC acquired a new position in Noodles & Co in the 1st quarter valued at approximately $2,258,000. Russell Investments Group Ltd. acquired a new position in Noodles & Co in the 1st quarter valued at approximately $2,291,000. Timpani Capital Management LLC acquired a new position in Noodles & Co in the 1st quarter valued at approximately $1,362,000. Millennium Management LLC increased its position in Noodles & Co by 414.2% in the 4th quarter. Millennium Management LLC now owns 58,906 shares of the restaurant operator’s stock valued at $309,000 after acquiring an additional 47,451 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Noodles & Co in the 4th quarter valued at approximately $147,000. Hedge funds and other institutional investors own 51.92% of the company’s stock.
Noodles & Co traded down $0.20, hitting $12.15, on Friday, MarketBeat.com reports. The company had a trading volume of 135,312 shares, compared to its average volume of 356,359. The company has a market cap of $508.33 million, a price-to-earnings ratio of -607.50, a PEG ratio of 47.05 and a beta of -0.47. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.52 and a quick ratio of 0.26. Noodles & Co has a 52 week low of $3.50 and a 52 week high of $13.30.
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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