Brokerages expect Noodles & Co (NASDAQ:NDLS) to announce earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Noodles & Co’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.04. Noodles & Co reported earnings of $0.01 per share in the same quarter last year, which would suggest a positive year over year growth rate of 400%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 17th.
According to Zacks, analysts expect that Noodles & Co will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.18. For the next fiscal year, analysts forecast that the company will report earnings of $0.27 per share, with EPS estimates ranging from $0.25 to $0.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side 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 for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $110.05 million during the quarter, compared to the consensus estimate of $108.93 million. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%.
Several research analysts recently weighed in on NDLS shares. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.71.
Noodles & Co stock traded down $0.06 during mid-day trading on Friday, hitting $7.70. The stock had a trading volume of 222,519 shares, compared to its average volume of 507,451. The stock has a market cap of $338.39 million, a price-to-earnings ratio of 385.00, a P/E/G ratio of 5.39 and a beta of 0.11. The company has a debt-to-equity ratio of 6.24, a current ratio of 0.35 and a quick ratio of 0.15. The company has a 50 day moving average of $7.52. Noodles & Co has a one year low of $5.85 and a one year high of $13.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its position in Noodles & Co by 268.7% during the first quarter. Marshall Wace LLP now owns 503,476 shares of the restaurant operator’s stock worth $3,424,000 after acquiring an additional 366,911 shares during the last quarter. Cooper Creek Partners Management LLC boosted its position in Noodles & Co by 51.0% during the first quarter. Cooper Creek Partners Management LLC now owns 461,301 shares of the restaurant operator’s stock worth $3,137,000 after acquiring an additional 155,736 shares during the last quarter. Eidelman Virant Capital boosted its position in Noodles & Co by 5.8% during the first quarter. Eidelman Virant Capital now owns 1,026,291 shares of the restaurant operator’s stock worth $6,978,000 after acquiring an additional 56,500 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Noodles & Co by 35.8% during the first quarter. Kennedy Capital Management Inc. now owns 648,268 shares of the restaurant operator’s stock worth $4,408,000 after acquiring an additional 170,875 shares during the last quarter. Finally, Elk Creek Partners LLC acquired a new position in Noodles & Co during the first quarter worth about $5,130,000. 69.77% of the stock is owned by institutional investors and hedge funds.
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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