Wall Street brokerages predict that Noodles & Co (NASDAQ:NDLS) will announce earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Noodles & Co’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Noodles & Co posted earnings per share of $0.01 during the same quarter last year, which indicates a positive year-over-year growth rate of 500%. The company is expected to report its next earnings report on Thursday, March 12th.
According to Zacks, analysts expect that Noodles & Co will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.16 to $0.19. For the next financial year, analysts anticipate that the firm will post earnings of $0.25 per share, with EPS estimates ranging from $0.23 to $0.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. Noodles & Co had a net margin of 0.62% and a return on equity of 11.38%. The firm had revenue of $118.30 million during the quarter, compared to analysts’ expectations of $120.70 million. During the same period in the previous year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year.
NDLS has been the subject of a number of research analyst reports. BidaskClub raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price objective on shares of Noodles & Co in a research report on Friday, November 22nd. Finally, Zacks Investment Research raised shares of Noodles & Co from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $9.92.
NDLS stock opened at $6.46 on Friday. The company has a debt-to-equity ratio of 5.31, a current ratio of 0.39 and a quick ratio of 0.19. The company has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $6.12. Noodles & Co has a one year low of $4.45 and a one year high of $9.04. The stock has a market cap of $266.50 million, a price-to-earnings ratio of 323.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.23.
Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Noodles & Co in the third quarter valued at about $251,000. Tenzing Global Management LLC boosted its position in shares of Noodles & Co by 12.1% in the third quarter. Tenzing Global Management LLC now owns 1,850,000 shares of the restaurant operator’s stock valued at $10,471,000 after acquiring an additional 200,000 shares during the period. State Street Corp boosted its position in shares of Noodles & Co by 4.9% in the third quarter. State Street Corp now owns 486,331 shares of the restaurant operator’s stock valued at $2,753,000 after acquiring an additional 22,920 shares during the period. Monarch Partners Asset Management LLC boosted its position in shares of Noodles & Co by 13.4% in the third quarter. Monarch Partners Asset Management LLC now owns 84,360 shares of the restaurant operator’s stock valued at $477,000 after acquiring an additional 10,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its position 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 valued at $4,143,000 after acquiring an additional 306,102 shares during the period. 75.03% of the stock is owned by institutional investors.
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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