Brokerages expect Noodles & Co (NASDAQ:NDLS) to announce $118.25 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Noodles & Co’s earnings. The lowest sales estimate is $117.70 million and the highest is $118.75 million. Noodles & Co reported sales of $113.19 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is expected to report its next earnings results on Thursday, March 12th.
On average, analysts expect that Noodles & Co will report full-year sales of $468.88 million for the current financial year, with estimates ranging from $467.00 million to $470.32 million. For the next year, analysts forecast that the company will post sales of $489.65 million, with estimates ranging from $482.35 million to $494.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The firm had revenue of $118.30 million for the quarter, compared to analyst estimates of $120.70 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business’s revenue was up 1.4% on a year-over-year basis.
A number of research analysts recently weighed in on the company. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Sunday, September 1st. Finally, Zacks Investment Research raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.50.
Shares of NASDAQ NDLS traded up $0.09 during trading on Thursday, reaching $5.66. The company had a trading volume of 902,200 shares, compared to its average volume of 450,446. The company’s fifty day moving average price is $5.30 and its 200-day moving average price is $6.67. Noodles & Co has a 12 month low of $4.45 and a 12 month high of $9.79. The company has a quick ratio of 0.21, a current ratio of 0.40 and a debt-to-equity ratio of 5.92. The stock has a market cap of $243.05 million, a P/E ratio of 283.00 and a beta of 0.20.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Noodles & Co by 56.6% in the second quarter. BlackRock Inc. now owns 2,045,317 shares of the restaurant operator’s stock worth $16,116,000 after purchasing an additional 739,526 shares during the last quarter. Isomer Partners LP raised its stake in shares of Noodles & Co by 44.7% in the second quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock worth $13,395,000 after purchasing an additional 525,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Noodles & Co by 4.3% in the second quarter. Vanguard Group Inc. now owns 1,519,040 shares of the restaurant operator’s stock worth $11,970,000 after purchasing an additional 62,596 shares during the last quarter. Goodwin Daniel L raised its stake in shares of Noodles & Co by 6.7% in the third quarter. Goodwin Daniel L now owns 792,500 shares of the restaurant operator’s stock worth $4,486,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Noodles & Co by 71.8% in the third quarter. Russell Investments Group Ltd. now owns 732,443 shares of the restaurant operator’s stock worth $4,143,000 after purchasing an additional 306,102 shares during the last quarter. 70.61% of the stock is owned by hedge funds and other institutional investors.
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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