Jefferies Group Lowers Noodles & Co EPS Estimates (NDLS)
Jefferies Group reduced their earnings per share (EPS) estimates on shares of Noodles & Co (NASDAQ:NDLS) in a research note issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “hold” rating and a $36.00 price objective on the company’s shares. Jefferies Group’s price objective points to a potential downside of 8.98% from the stock’s previous close.
Noodles & Co (NASDAQ:NDLS) traded down 7.91% on Thursday, hitting $36.42. The stock had a trading volume of 998,506 shares. Noodles & Co has a 1-year low of $32.00 and a 1-year high of $51.97. The stock has a 50-day moving average of $36.82 and a 200-day moving average of $40.68. The company has a market cap of $1.076 billion and a P/E ratio of 180.59.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $91.50 million for the quarter, compared to the consensus estimate of $91.50 million. Noodles & Co’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Noodles & Co will post $0.54 earnings per share for the current fiscal year.
Separately, analysts at UBS AG initiated coverage on shares of Noodles & Co in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.17.
Noodles & Company is a casual restaurant concept offering lunch and dinner. The Company offers noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors globally under one roof from Pad Thai to Mac & Cheese.
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