Noodles & Co Price Target Cut to $39.00 (NDLS)
Stock analysts at RBC Capital reduced their price target on shares of Noodles & Co (NASDAQ:NDLS) from $43.00 to $39.00 in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price points to a potential upside of 10.64% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Noodles & Co from a “neutral” rating to an “underperform” rating in a research note on Monday, March 3rd. They now have a $37.80 price target on the stock. Analysts at Jefferies Group cut their EPS estimates on shares of Noodles & Co in a research note on Thursday. They now have a “hold” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.97.
Shares of Noodles & Co (NASDAQ:NDLS) traded up 4.48% during mid-day trading on Wednesday, hitting $35.25. 288,020 shares of the company’s stock traded hands. Noodles & Co has a 52-week low of $32.00 and a 52-week high of $51.97. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $38.67. The company has a market cap of $1.044 billion and a P/E ratio of 137.15.
Noodles & Co (NASDAQ:NDLS) last released its earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $92.17 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Noodles & Co will post $0.49 EPS for the current fiscal year.
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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