$117.25 Million in Sales Expected for Noodles & Co (NDLS) This Quarter

Equities research analysts expect Noodles & Co (NASDAQ:NDLS) to report $117.25 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Noodles & Co’s earnings. The lowest sales estimate is $114.97 million and the highest is $118.88 million. Noodles & Co posted sales of $117.40 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.1%. The business is scheduled to issue its next earnings results on Wednesday, July 17th.

According to Zacks, analysts expect that Noodles & Co will report full-year sales of $468.17 million for the current financial year, with estimates ranging from $465.80 million to $469.91 million. For the next year, analysts expect that the company will report sales of $493.93 million, with estimates ranging from $490.60 million to $497.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last issued its earnings results on Thursday, May 9th. The restaurant operator reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $110.05 million during the quarter, compared to analysts’ expectations of $108.93 million. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%.



NDLS has been the subject of several recent research reports. BidaskClub upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. SunTrust Banks dropped their target price on shares of Noodles & Co to $13.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Jefferies Financial Group upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, February 22nd. Finally, Zacks Investment Research upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Noodles & Co has an average rating of “Buy” and a consensus target price of $10.50.

Shares of Noodles & Co stock traded up $0.17 on Wednesday, hitting $8.34. 455,981 shares of the company’s stock traded hands, compared to its average volume of 492,720. The stock has a market capitalization of $367.40 million, a price-to-earnings ratio of 417.00, a PEG ratio of 7.54 and a beta of 0.06. Noodles & Co has a one year low of $5.85 and a one year high of $13.50. The company has a debt-to-equity ratio of 6.24, a quick ratio of 0.41 and a current ratio of 0.35.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its position in shares of Noodles & Co by 0.9% in the 1st quarter. Northern Trust Corp now owns 231,040 shares of the restaurant operator’s stock valued at $1,571,000 after buying an additional 2,039 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Noodles & Co by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 171,960 shares of the restaurant operator’s stock worth $1,170,000 after purchasing an additional 4,678 shares during the period. US Bancorp DE acquired a new position in Noodles & Co in the 1st quarter worth $36,000. Rhumbline Advisers boosted its stake in Noodles & Co by 55.8% in the 4th quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after purchasing an additional 6,115 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Noodles & Co by 560.3% in the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 6,667 shares during the period. Institutional investors and hedge funds own 65.20% 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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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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