Equities research analysts expect Noodles & Co (NASDAQ:NDLS) to report sales of $117.25 million for the current quarter, Zacks reports. Three analysts have made estimates for Noodles & Co’s earnings, with estimates ranging from $114.97 million to $118.88 million. Noodles & Co reported sales of $117.40 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, July 17th.
On average, analysts expect that Noodles & Co will report full year sales of $468.17 million for the current fiscal year, with estimates ranging from $465.80 million to $469.91 million. For the next financial year, analysts expect that the business will report sales of $493.93 million, with estimates ranging from $490.60 million to $497.10 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. Noodles & Co had a positive return on equity of 3.70% and a negative net margin of 1.47%. The business had revenue of $110.05 million for the quarter, compared to the consensus estimate of $108.93 million.
NASDAQ NDLS traded down $0.06 during trading hours on Tuesday, reaching $7.70. 222,519 shares of the stock traded hands, compared to its average volume of 507,451. The firm has a 50 day moving average price of $7.52. Noodles & Co has a 1 year low of $5.85 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 6.24, a quick ratio of 0.15 and a current ratio of 0.35. The firm has a market cap of $338.39 million, a P/E ratio of 385.00, a price-to-earnings-growth ratio of 5.39 and a beta of 0.11.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NDLS. Rhumbline Advisers increased its holdings in shares of Noodles & Co by 55.8% in the fourth quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after buying an additional 6,115 shares during the period. BlackRock Inc. increased its holdings in shares of Noodles & Co by 15.7% in the fourth quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock worth $9,254,000 after buying an additional 179,935 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Noodles & Co by 25.5% in the fourth quarter. Bank of New York Mellon Corp now owns 66,579 shares of the restaurant operator’s stock worth $466,000 after buying an additional 13,549 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Noodles & Co in the fourth quarter worth about $48,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Noodles & Co by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock worth $780,000 after buying an additional 10,560 shares during the period. Hedge funds and other institutional investors own 69.77% of the company’s stock.
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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