Wall Street brokerages forecast that Noodles & Co (NASDAQ:NDLS) will report sales of $118.25 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Noodles & Co’s earnings. The highest sales estimate is $118.75 million and the lowest is $117.70 million. Noodles & Co posted sales of $113.19 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The business is expected to issue its next quarterly earnings report on Thursday, March 12th.
According to Zacks, analysts expect that Noodles & Co will report full-year sales of $468.88 million for the current year, with estimates ranging from $467.00 million to $470.32 million. For the next financial year, analysts expect that the firm will post sales of $489.65 million, with estimates ranging from $482.35 million to $494.20 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last announced its earnings results on Thursday, November 7th. The restaurant operator reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.70 million. Noodles & Co had a negative net margin of 0.07% and a positive return on equity of 6.80%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share.
Several research firms have commented on NDLS. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BidaskClub raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Sunday, September 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.50.
Several hedge funds have recently made changes to their positions in NDLS. BlackRock Inc. raised its stake in shares of Noodles & Co by 56.6% during the 2nd quarter. BlackRock Inc. now owns 2,045,317 shares of the restaurant operator’s stock worth $16,116,000 after buying an additional 739,526 shares during the period. Isomer Partners LP raised its stake in shares of Noodles & Co by 44.7% during the 2nd quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock worth $13,395,000 after buying an additional 525,000 shares during the period. Goodwin Daniel L raised its stake in shares of Noodles & Co by 105.5% during the 2nd quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock worth $5,851,000 after buying an additional 381,100 shares during the period. Marshall Wace North America L.P. raised its stake in shares of Noodles & Co by 3,918.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 371,712 shares of the restaurant operator’s stock worth $2,929,000 after buying an additional 362,461 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Noodles & Co in the 2nd quarter valued at $2,789,000. 70.61% of the stock is owned by institutional investors and hedge funds.
Noodles & Co stock traded up $0.09 during trading hours on Thursday, reaching $5.66. The stock had a trading volume of 902,200 shares, compared to its average volume of 450,446. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.40 and a quick ratio of 0.21. Noodles & Co has a 52 week low of $4.45 and a 52 week high of $9.79. The business’s 50 day moving average price is $5.30 and its 200-day moving average price is $6.67. The company has a market cap of $243.05 million, a price-to-earnings ratio of 283.00 and a beta of 0.20.
Noodles & Co Company Profile
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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