Wall Street brokerages forecast that Noodles & Co (NASDAQ:NDLS) will announce $117.93 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Noodles & Co’s earnings, with the lowest sales estimate coming in at $117.21 million and the highest estimate coming in at $118.37 million. Noodles & Co posted sales of $113.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next earnings report on Thursday, March 12th.
According to Zacks, analysts expect that Noodles & Co will report full year sales of $466.49 million for the current fiscal year, with estimates ranging from $465.75 million to $466.91 million. For the next financial year, analysts anticipate that the company will post sales of $480.48 million, with estimates ranging from $469.53 million to $489.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last posted 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 return on equity of 11.38% and a net margin of 0.62%. The company had revenue of $118.30 million for the quarter, compared to the consensus estimate of $120.70 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.
A number of research analysts have recently weighed in on NDLS shares. TheStreet raised Noodles & Co from a “d+” rating to a “c-” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Noodles & Co from a “hold” rating to a “strong-buy” rating and set a $6.75 price target for the company in a research note on Wednesday, January 8th. BidaskClub upgraded shares of Noodles & Co from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, SunTrust Banks reiterated a “buy” rating and issued a $12.00 price target on shares of Noodles & Co in a research note on Friday, November 22nd. 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 company currently has an average rating of “Buy” and a consensus price target of $9.92.
Shares of NDLS stock traded up $0.06 during trading hours on Tuesday, reaching $6.99. The company had a trading volume of 4,458 shares, compared to its average volume of 448,327. The company has a 50 day moving average of $5.82 and a 200 day moving average of $6.12. 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 firm has a market cap of $307.31 million, a price-to-earnings ratio of 349.00, a P/E/G ratio of 2.58 and a beta of 0.23. Noodles & Co has a 1-year low of $4.45 and a 1-year high of $9.04.
Several hedge funds have recently made changes to their positions in NDLS. Bank of Montreal Can raised its holdings in Noodles & Co by 92.4% in the second quarter. Bank of Montreal Can now owns 5,026 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 2,414 shares during the period. US Bancorp DE increased its holdings in shares of Noodles & Co by 61.7% during the second quarter. US Bancorp DE now owns 8,596 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 3,279 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Noodles & Co during the second quarter worth approximately $31,000. Monarch Partners Asset Management LLC increased its holdings in shares of Noodles & Co by 13.4% during the third quarter. Monarch Partners Asset Management LLC now owns 84,360 shares of the restaurant operator’s stock worth $477,000 after purchasing an additional 10,000 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Noodles & Co by 6.1% during the second quarter. Northern Trust Corp now owns 245,033 shares of the restaurant operator’s stock worth $1,930,000 after purchasing an additional 13,993 shares during the period. Hedge funds and other institutional investors own 75.03% of the company’s stock.
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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