Equities research analysts predict that Noodles & Co (NASDAQ:NDLS) will announce sales of $108.93 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Noodles & Co’s earnings. The highest sales estimate is $109.54 million and the lowest is $108.24 million. Noodles & Co reported sales of $110.53 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 9th.
According to Zacks, analysts expect that Noodles & Co will report full-year sales of $465.43 million for the current financial year, with estimates ranging from $464.75 million to $465.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $494.04 million, with estimates ranging from $489.13 million to $497.10 million. Zacks’ sales averages are an average based on a survey of analysts that cover Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last posted its earnings results on Thursday, March 14th. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $113.76 million. Noodles & Co had a negative net margin of 1.84% and a positive return on equity of 2.44%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS.
A number of research analysts have commented on NDLS shares. SunTrust Banks cut their target price on shares of Noodles & Co to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Zacks Investment Research raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Thursday, March 7th. Jefferies Financial Group raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, February 22nd. Finally, BidaskClub raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Noodles & Co presently has an average rating of “Buy” and a consensus price target of $10.50.
Large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Noodles & Co in the 4th quarter valued at about $48,000. Macquarie Group Ltd. boosted its holdings in shares of Noodles & Co by 560.3% in the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 6,667 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Noodles & Co in the 4th quarter valued at about $69,000. Mackenzie Financial Corp bought a new stake in shares of Noodles & Co in the 4th quarter valued at about $91,000. Finally, Coatue Management LLC bought a new stake in shares of Noodles & Co in the 4th quarter valued at about $95,000. Institutional investors and hedge funds own 68.14% of the company’s stock.
NASDAQ NDLS traded up $0.09 during trading on Tuesday, reaching $6.85. 254,053 shares of the company’s stock traded hands, compared to its average volume of 555,204. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.70. The company has a market capitalization of $300.94 million, a price-to-earnings ratio of 342.50, a price-to-earnings-growth ratio of 6.71 and a beta of 0.04. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50.
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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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