Noodles & Company (NDLS) to Release Quarterly Earnings on Thursday
Noodles & Company (NASDAQ:NDLS) is set to release its earnings data after the market closes on Thursday, November 9th. Analysts expect Noodles & to post earnings of $0.02 per share for the quarter.
Noodles & (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Noodles & had a negative return on equity of 10.25% and a negative net margin of 17.42%. The business had revenue of $112.79 million for the quarter, compared to analyst estimates of $113.98 million. During the same period last year, the firm posted ($0.03) EPS. Noodles &’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts expect Noodles & to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Noodles & Company (NASDAQ:NDLS) opened at $4.45 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.55. Noodles & Company has a fifty-two week low of $3.16 and a fifty-two week high of $6.00.
A number of research firms have commented on NDLS. Zacks Investment Research lowered Noodles & from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Wedbush reaffirmed a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price target (down from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “sell” rating and issued a $4.00 price objective on shares of Noodles & in a research note on Friday, August 11th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $5.00 price objective on shares of Noodles & in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Noodles & currently has an average rating of “Hold” and an average target price of $4.69.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Noodles & by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after acquiring an additional 7,823 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Noodles & by 6.9% during the second quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after purchasing an additional 28,054 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Noodles & by 0.3% in the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 491 shares during the last quarter. 66.15% of the stock is currently owned by institutional investors.
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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