Brokerages expect Noodles & Co (NASDAQ:NDLS) to announce earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Noodles & Co’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. Noodles & Co reported earnings of ($0.03) per share in the same quarter last year, which would indicate a positive year over year growth rate of 166.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that Noodles & Co will report full-year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.18) to $0.03. For the next year, analysts anticipate that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.05 to $0.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last posted its earnings results on Tuesday, May 9th. The restaurant operator reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Noodles & Co had a negative return on equity of 4.46% and a negative net margin of 6.43%. The business had revenue of $116.72 million during the quarter, compared to analyst estimates of $115.34 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.
NDLS has been the topic of several recent research reports. Zacks Investment Research upgraded Noodles & Co from a “strong sell” rating to a “hold” rating and set a $4.00 target price on the stock in a report on Wednesday, February 15th. Jefferies Group LLC restated a “hold” rating and set a $5.00 target price on shares of Noodles & Co in a report on Friday, March 3rd. BMO Capital Markets set a $4.00 target price on Noodles & Co and gave the company a “hold” rating in a report on Saturday, March 4th. Royal Bank of Canada restated a “sector perform” rating and set a $5.00 target price on shares of Noodles & Co in a report on Monday, March 6th. Finally, Wedbush restated a “hold” rating and set a $5.50 target price on shares of Noodles & Co in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Noodles & Co presently has an average rating of “Hold” and an average price target of $5.39.
Several institutional investors have recently bought and sold shares of NDLS. Teachers Advisors LLC raised its position in Noodles & Co by 33.2% in the first quarter. Teachers Advisors LLC now owns 22,533 shares of the restaurant operator’s stock worth $130,000 after buying an additional 5,618 shares during the last quarter. KCG Holdings Inc. raised its position in Noodles & Co by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock worth $334,000 after buying an additional 27,818 shares during the last quarter. Federated Investors Inc. PA acquired a new position in Noodles & Co during the fourth quarter worth approximately $244,000. Two Sigma Investments LP raised its position in Noodles & Co by 47.3% in the fourth quarter. Two Sigma Investments LP now owns 63,504 shares of the restaurant operator’s stock worth $260,000 after buying an additional 20,380 shares during the last quarter. Finally, Morgan Stanley raised its position in Noodles & Co by 18.4% in the first quarter. Morgan Stanley now owns 66,725 shares of the restaurant operator’s stock worth $384,000 after buying an additional 10,372 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
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Noodles & Co (NASDAQ:NDLS) traded down 2.41% during midday trading on Wednesday, hitting $4.05. The stock had a trading volume of 150,119 shares. The company’s 50-day moving average price is $5.02 and its 200 day moving average price is $4.62. Noodles & Co has a 12-month low of $3.16 and a 12-month high of $10.47. The stock’s market cap is $166.10 million.
Noodles & Co Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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