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.

In other news, major shareholder Catterton-Noodles, Llc sold 1,858,387 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $8.90, for a total value of $16,539,644.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 50.52% of the stock is currently owned by corporate insiders.

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

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