SunTrust Banks Analysts Cut Earnings Estimates for Noodles & Co (NDLS)
Noodles & Co (NASDAQ:NDLS) – Investment analysts at SunTrust Banks cut their Q1 2018 earnings per share estimates for Noodles & Co in a research note issued on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn ($0.03) per share for the quarter, down from their previous estimate of ($0.02). SunTrust Banks has a “Hold” rating and a $6.00 price target on the stock. SunTrust Banks also issued estimates for Noodles & Co’s FY2018 earnings at $0.06 EPS.
Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. The company had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.45 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Noodles & Co’s quarterly revenue was down 6.9% on a year-over-year basis.
Shares of Noodles & Co (NDLS) traded down $0.05 on Friday, reaching $5.20. 30,800 shares of the company traded hands, compared to its average volume of 57,067. Noodles & Co has a 12 month low of $3.16 and a 12 month high of $6.00. The company has a market capitalization of $207.88, a PE ratio of -1.71, a PEG ratio of 8.30 and a beta of -0.43. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.57 and a quick ratio of 0.31.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in Noodles & Co by 52.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 9,287 shares during the period. Royce & Associates LP acquired a new position in shares of Noodles & Co in the second quarter valued at approximately $146,000. Northern Trust Corp increased its holdings in shares of Noodles & Co by 0.3% in the second quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 491 shares during the period. State Street Corp increased its holdings in shares of Noodles & Co by 4.6% in the second 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 period. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Noodles & Co in the third quarter valued at approximately $1,327,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “SunTrust Banks Analysts Cut Earnings Estimates for Noodles & Co (NDLS)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/05/suntrust-banks-analysts-cut-earnings-estimates-for-noodles-co-ndls.html.
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.
Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with MarketBeat.com's FREE daily email newsletter.