Noodles & Co (NASDAQ:NDLS) – Stock analysts at SunTrust Banks upped their Q3 2018 earnings estimates for Noodles & Co in a report issued on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.05 for the quarter, up from their prior forecast of $0.04. SunTrust Banks currently has a “Hold” rating and a $6.00 target price on the stock. SunTrust Banks also issued estimates for Noodles & Co’s Q4 2018 earnings at $0.01 EPS and FY2019 earnings at $0.08 EPS.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.45 million. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS.
Several other research analysts have also recently weighed in on NDLS. Zacks Investment Research raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BMO Capital Markets set a $4.00 price target on shares of Noodles & Co and gave the company a “hold” rating in a report on Friday, November 10th. Finally, Citigroup increased their price target on shares of Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, November 20th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.88.
Noodles & Co (NASDAQ NDLS) traded up $0.05 during trading on Thursday, reaching $5.25. 92,000 shares of the company’s stock traded hands, compared to its average volume of 70,200. The company has a market cap of $205.90, a PE ratio of -1.73, a P/E/G ratio of 8.22 and a beta of -0.43. 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 & Co has a 52-week low of $3.16 and a 52-week high of $6.00.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new position in shares of Noodles & Co during the third quarter worth approximately $1,327,000. Royce & Associates LP increased its holdings in shares of Noodles & Co by 433.3% during the third quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock worth $880,000 after purchasing an additional 162,500 shares during the period. Eidelman Virant Capital increased its holdings in shares of Noodles & Co by 106.7% during the third 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 period. Catterton Management Company L.L.C. increased its holdings in shares of Noodles & Co by 62.5% during the second 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 period. Finally, State Street Corp increased its holdings in shares of Noodles & Co by 4.6% during the second quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock worth $698,000 after purchasing an additional 7,823 shares during the period. 66.69% of the stock is currently owned by institutional investors.
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About Noodles & Co
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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