Analysts expect Noodles & Co (NASDAQ:NDLS) to announce sales of $117.25 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Noodles & Co’s earnings. The lowest sales estimate is $114.97 million and the highest is $118.88 million. Noodles & Co reported sales of $117.40 million during the same quarter last year, which indicates a negative year over year growth rate of 0.1%. The company is scheduled to report its next earnings report on Wednesday, July 17th.
According to Zacks, analysts expect that Noodles & Co will report full-year sales of $468.17 million for the current fiscal year, with estimates ranging from $465.80 million to $469.91 million. For the next fiscal year, analysts anticipate that the business will post sales of $493.93 million, with estimates ranging from $490.60 million to $497.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last issued its earnings results on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. The firm had revenue of $110.05 million during the quarter, compared to analysts’ expectations of $108.93 million.
A number of research firms have weighed in on NDLS. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Finally, BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.71.
NDLS traded down $0.06 on Tuesday, reaching $7.70. The stock had a trading volume of 222,519 shares, compared to its average volume of 507,451. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50. The company has a current ratio of 0.35, a quick ratio of 0.15 and a debt-to-equity ratio of 6.24. The company has a 50-day moving average price of $7.52. The company has a market cap of $338.39 million, a P/E ratio of 385.00, a P/E/G ratio of 5.39 and a beta of 0.11.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in shares of Noodles & Co by 268.7% in the 1st quarter. Marshall Wace LLP now owns 503,476 shares of the restaurant operator’s stock valued at $3,424,000 after purchasing an additional 366,911 shares in the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of Noodles & Co by 51.0% in the 1st quarter. Cooper Creek Partners Management LLC now owns 461,301 shares of the restaurant operator’s stock valued at $3,137,000 after purchasing an additional 155,736 shares in the last quarter. Eidelman Virant Capital increased its holdings in shares of Noodles & Co by 5.8% in the 1st quarter. Eidelman Virant Capital now owns 1,026,291 shares of the restaurant operator’s stock valued at $6,978,000 after purchasing an additional 56,500 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of Noodles & Co by 35.8% in the 1st quarter. Kennedy Capital Management Inc. now owns 648,268 shares of the restaurant operator’s stock valued at $4,408,000 after purchasing an additional 170,875 shares in the last quarter. Finally, Elk Creek Partners LLC purchased a new position in shares of Noodles & Co in the 1st quarter valued at about $5,130,000. Institutional investors and hedge funds own 69.77% of the company’s stock.
About Noodles & Co
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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