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.

Several other equities research analysts have also recently weighed in on NDLS. BMO Capital Markets set a $4.00 price target on shares of Noodles & Co and gave the stock a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Citigroup upped their price objective on shares of Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, November 20th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Noodles & Co presently has a consensus rating of “Hold” and an average price target of $4.88.

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.

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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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