Equities research analysts expect Noodles & Co (NASDAQ:NDLS) to report sales of $112.85 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Noodles & Co’s earnings. The lowest sales estimate is $110.23 million and the highest is $116.59 million. Noodles & Co posted sales of $129.40 million during the same quarter last year, which suggests a negative year over year growth rate of 12.8%. The company is expected to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Noodles & Co will report full-year sales of $112.85 million for the current year, with estimates ranging from $453.95 million to $461.98 million. For the next financial year, analysts anticipate that the firm will post sales of $462.84 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.45 million. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share.

A number of research analysts have recently commented on NDLS shares. Zacks Investment Research cut shares of Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Citigroup upped their price target on shares of Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, November 20th. BMO Capital Markets set a $4.00 target price on shares of Noodles & Co and gave the stock a “hold” rating in a report on Friday, November 10th. Jefferies Group reiterated a “hold” rating and set a $4.50 target price (down from $5.50) on shares of Noodles & Co in a report on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $4.00 target price on shares of Noodles & Co in a report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Noodles & Co presently has a consensus rating of “Hold” and a consensus price target of $4.75.

Noodles & Co (NDLS) traded down $0.20 during midday trading on Friday, hitting $4.75. 179,900 shares of the stock were exchanged, compared to its average volume of 173,593. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78. Noodles & Co has a 12-month low of $3.16 and a 12-month high of $6.00.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Noodles & Co by 0.3% in the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 491 shares in the last quarter. State Street Corp raised its position in shares of Noodles & Co by 4.6% in the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after purchasing an additional 7,823 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Noodles & Co by 52.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 9,287 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Noodles & Co by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after purchasing an additional 28,054 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in shares of Noodles & Co in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 66.72% of the company’s stock.

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About Noodles & Co

Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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