Noodles & Company (NASDAQ:NDLS) Announces Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Noodles & Company (NASDAQ:NDLS) posted its quarterly earnings results on Wednesday. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.29, FiscalAI reports. The company had revenue of $122.78 million for the quarter, compared to the consensus estimate of $122.40 million.

Noodles & Company Trading Down 7.5%

Shares of NDLS stock traded down $0.49 during trading hours on Wednesday, reaching $6.06. The company’s stock had a trading volume of 80,370 shares, compared to its average volume of 48,444. The stock has a market capitalization of $35.45 million, a P/E ratio of -0.77 and a beta of 1.50. Noodles & Company has a one year low of $3.57 and a one year high of $10.00. The firm’s fifty day simple moving average is $5.62 and its 200 day simple moving average is $5.62.

Institutional Trading of Noodles & Company

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 84,987 shares during the period. XTX Topco Ltd increased its position in shares of Noodles & Company by 228.5% during the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 65,907 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Noodles & Company by 34,246.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock worth $35,000 after buying an additional 49,657 shares in the last quarter. State Street Corp lifted its holdings in Noodles & Company by 31.1% in the fourth quarter. State Street Corp now owns 181,963 shares of the restaurant operator’s stock worth $128,000 after buying an additional 43,211 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Noodles & Company in the fourth quarter worth about $28,000. Institutional investors own 65.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NDLS. Wall Street Zen upgraded shares of Noodles & Company to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Noodles & Company in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.