Noodles & Co (NDLS) Expected to Announce Earnings of $0.02 Per Share

Wall Street analysts expect Noodles & Co (NASDAQ:NDLS) to post earnings per share (EPS) of $0.02 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Noodles & Co’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Noodles & Co reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The company is scheduled to announce its next quarterly earnings results on Wednesday, March 13th.

According to Zacks, analysts expect that Noodles & Co will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.04. For the next fiscal year, analysts anticipate that the firm will report 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 a mean average based on a survey of sell-side research firms that that provide coverage for Noodles & Co.

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A number of research analysts recently commented on the company. BidaskClub downgraded Noodles & Co from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, January 9th. Royal Bank of Canada downgraded Noodles & Co from an “outperform” rating to a “sector perform” rating and set a $8.50 price target for the company. in a research note on Sunday, December 9th. ValuEngine downgraded Noodles & Co from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, Piper Jaffray Companies raised Noodles & Co from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.68.

NDLS stock traded down $0.13 during midday trading on Monday, reaching $6.92. The company had a trading volume of 390,993 shares, compared to its average volume of 436,978. The company has a market cap of $309.65 million, a PE ratio of -346.00, a price-to-earnings-growth ratio of 5.76 and a beta of 0.08. Noodles & Co has a 1-year low of $5.30 and a 1-year high of $13.50. The company has a quick ratio of 0.36, a current ratio of 0.68 and a debt-to-equity ratio of 0.91.

In other Noodles & Co 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 transaction of $16,539,644.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 50.52% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NDLS. Castleark Management LLC acquired a new position in Noodles & Co during the third quarter worth about $9,660,000. Emerald Advisers Inc. PA acquired a new position in Noodles & Co during the third quarter worth about $8,908,000. SG Capital Management LLC raised its stake 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 acquiring an additional 712,827 shares in the last quarter. Marshall Wace LLP acquired a new position in Noodles & Co during the third quarter worth about $8,586,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Noodles & Co during the third quarter worth about $8,049,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

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.

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