Noodles & Company (NASDAQ:NDLS) – Analysts at SunTrust Banks reduced their Q4 2017 earnings estimates for Noodles & in a research note issued to investors on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn ($0.01) per share for the quarter, down from their prior estimate of $0.03. SunTrust Banks currently has a “Hold” rating and a $5.00 target price on the stock. SunTrust Banks also issued estimates for Noodles &’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.05 EPS.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Noodles & from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets set a $4.00 price target on shares of Noodles & and gave the stock a “hold” rating in a research note on Friday, November 10th. Piper Jaffray Companies restated a “sell” rating and issued a $4.00 price target on shares of Noodles & in a research note on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $4.50 price target (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Finally, Wedbush restated a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.57.
Noodles & (NASDAQ:NDLS) opened at $4.70 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. Noodles & has a 12 month low of $3.16 and a 12 month high of $6.00.
Noodles & (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.45 million. Noodles & had a negative net margin of 17.41% and a negative return on equity of 6.83%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. lifted its position in shares of Noodles & by 91.8% during the 1st quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock worth $334,000 after purchasing an additional 27,818 shares during the last quarter. Catterton Management Company L.L.C. lifted its position in shares of Noodles & by 62.5% during the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock worth $43,317,000 after purchasing an additional 4,272,103 shares during the last quarter. Eidelman Virant Capital lifted its position in shares of Noodles & by 106.7% during the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock worth $1,636,000 after purchasing an additional 192,000 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Noodles & during the 2nd quarter worth $455,000. Finally, Renaissance Technologies LLC lifted its position in shares of Noodles & by 26.2% during the 1st quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock worth $2,872,000 after purchasing an additional 103,600 shares during the last quarter. 65.43% of the stock is owned by institutional investors and hedge funds.
About Noodles &
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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