Noodles & Co. (NASDAQ:NDLS) – Equities researchers at SunTrust Banks reduced their Q3 2016 earnings estimates for shares of Noodles & Co. in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the firm will post earnings of ($0.04) per share for the quarter, down from their previous estimate of ($0.03). SunTrust Banks also issued estimates for Noodles & Co.’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at ($0.13) EPS and FY2017 earnings at ($0.09) EPS.

A number of other equities research analysts have also issued reports on NDLS. Citigroup Inc. reaffirmed a “buy” rating and set a $6.00 target price on shares of Noodles & Co. in a report on Wednesday, October 5th. Zacks Investment Research lowered shares of Noodles & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Robert W. Baird reaffirmed a “neutral” rating on shares of Noodles & Co. in a report on Thursday, September 8th. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $6.00 target price (down previously from $7.00) on shares of Noodles & Co. in a report on Monday, August 8th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $8.00 target price (down previously from $13.00) on shares of Noodles & Co. in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.14.

Earnings History and Estimates for Noodles & Co. (NASDAQ:NDLS)

Noodles & Co. (NASDAQ:NDLS) opened at 4.35 on Monday. Noodles & Co. has a 52-week low of $4.27 and a 52-week high of $14.95. The stock’s market cap is $121.13 million. The firm has a 50 day moving average of $5.44 and a 200-day moving average of $8.51.

Noodles & Co. (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. Noodles & Co. had a negative net margin of 6.50% and a negative return on equity of 2.75%. The firm earned $121.40 million during the quarter, compared to analysts’ expectations of $121.15 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Noodles & Co.’s revenue was up 5.4% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its position in Noodles & Co. by 11.8% in the second quarter. US Bancorp DE now owns 13,551 shares of the company’s stock worth $132,000 after buying an additional 1,432 shares during the last quarter. A.R.T. Advisors LLC boosted its position in Noodles & Co. by 114.9% in the second quarter. A.R.T. Advisors LLC now owns 27,305 shares of the company’s stock worth $267,000 after buying an additional 14,600 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Noodles & Co. by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 45,490 shares of the company’s stock worth $445,000 after buying an additional 966 shares during the last quarter. BlackRock Investment Management LLC boosted its position in Noodles & Co. by 8.8% in the second quarter. BlackRock Investment Management LLC now owns 45,521 shares of the company’s stock worth $445,000 after buying an additional 3,664 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Noodles & Co. by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 81,122 shares of the company’s stock worth $793,000 after buying an additional 502 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:NDLS

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