-$0.05 EPS Expected for Noodles & Co (NDLS) This Quarter

Analysts expect Noodles & Co (NASDAQ:NDLS) to report earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Noodles & Co’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.05). Noodles & Co posted earnings per share of ($0.04) in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The firm is scheduled to report its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Noodles & Co will report full-year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.22 to $0.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $113.76 million. Noodles & Co had a positive return on equity of 2.44% and a negative net margin of 1.84%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share.

Several research firms have commented on NDLS. SunTrust Banks reduced their price objective on Noodles & Co to $13.00 and set a “buy” rating on the stock in a report on Monday, March 18th. BidaskClub downgraded Noodles & Co from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Zacks Investment Research upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Thursday, March 7th. Finally, Jefferies Financial Group upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.50.

NDLS opened at $6.65 on Friday. The firm has a market cap of $289.96 million, a price-to-earnings ratio of 332.50, a PEG ratio of 6.47 and a beta of 0.04. Noodles & Co has a 52 week low of $5.85 and a 52 week high of $13.50. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.

A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. Wells Fargo & Company MN boosted its position in Noodles & Co by 43.7% during the 3rd quarter. Wells Fargo & Company MN now owns 310,694 shares of the restaurant operator’s stock valued at $3,759,000 after acquiring an additional 94,499 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Noodles & Co by 858.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock valued at $3,090,000 after acquiring an additional 228,781 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Noodles & Co by 26.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 53,030 shares of the restaurant operator’s stock valued at $642,000 after acquiring an additional 11,116 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Noodles & Co during the 3rd quarter valued at $489,000. Finally, BlackRock Inc. boosted its position in Noodles & Co by 21.5% during the 3rd quarter. BlackRock Inc. now owns 1,143,811 shares of the restaurant operator’s stock valued at $13,840,000 after acquiring an additional 202,146 shares in the last quarter. 68.14% of the stock is currently owned by institutional investors and hedge funds.

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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