Brokerages Expect Noodles & Co (NDLS) Will Announce Earnings of $0.02 Per Share
Equities research analysts predict that Noodles & Co (NASDAQ:NDLS) will post $0.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Noodles & Co’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.01. Noodles & Co reported earnings per share of $0.01 in the same quarter last year, which indicates a positive year over year growth rate of 100%. The company is expected to issue its next earnings report on Wednesday, March 13th.
On average, analysts expect that Noodles & Co will report full-year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from $0.03 to $0.04. For the next financial year, analysts anticipate that the firm will post earnings of $0.14 per share, with EPS estimates ranging from $0.10 to $0.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Noodles & Co.
A number of research analysts have commented on NDLS shares. Zacks Investment Research lowered shares of Noodles & Co from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Piper Jaffray Companies raised shares of Noodles & Co from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Thursday, November 8th. Royal Bank of Canada raised shares of Noodles & Co from a “sector perform” rating to an “outperform” rating and set a $8.50 price target for the company in a report on Monday, December 3rd. They noted that the move was a valuation call. Citigroup reduced their price target on shares of Noodles & Co from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, BidaskClub cut shares of Noodles & Co from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Noodles & Co currently has an average rating of “Hold” and an average target price of $10.68.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NDLS. BlackRock Inc. raised its holdings in Noodles & Co by 15.7% in the 4th quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock valued at $9,254,000 after acquiring an additional 179,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Noodles & Co by 65.4% during the third quarter. Vanguard Group Inc. now owns 1,265,393 shares of the restaurant operator’s stock worth $15,311,000 after buying an additional 500,531 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Noodles & Co by 65.4% during the third quarter. Vanguard Group Inc now owns 1,265,393 shares of the restaurant operator’s stock valued at $15,311,000 after buying an additional 500,531 shares during the period. SG Capital Management LLC increased its position in Noodles & Co by 224.3% during the fourth quarter. SG Capital Management LLC now owns 1,030,686 shares of the restaurant operator’s stock worth $7,204,000 after purchasing an additional 712,827 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in shares of Noodles & Co by 38.8% in the fourth quarter. Emerald Advisers LLC now owns 1,021,784 shares of the restaurant operator’s stock worth $7,142,000 after acquiring an additional 285,614 shares in the last quarter. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
NDLS traded up $0.09 on Monday, reaching $7.12. The company had a trading volume of 25,392 shares, compared to its average volume of 436,906. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.68 and a quick ratio of 0.36. The stock has a market cap of $308.77 million, a PE ratio of -355.50, a price-to-earnings-growth ratio of 5.74 and a beta of 0.08. Noodles & Co has a 1 year low of $5.30 and a 1 year high of $13.50.
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, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
Further Reading: Balance Sheet
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with MarketBeat.com's FREE daily email newsletter.