Wall Street brokerages predict that Noodles & Co (NASDAQ:NDLS) will post sales of $112.85 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Noodles & Co’s earnings, with the highest sales estimate coming in at $116.59 million and the lowest estimate coming in at $110.23 million. Noodles & Co posted sales of $129.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 12.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, 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 year, analysts expect that the firm will report sales of $463.07 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Noodles & Co.

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

Several brokerages have recently weighed in on NDLS. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks restated a “hold” rating and set a $6.00 target price on shares of Noodles & Co in a report on Wednesday, January 3rd. Citigroup boosted their target price on Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 target price on Noodles & Co and gave the stock a “hold” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.00.

Noodles & Co (NASDAQ NDLS) opened at $5.55 on Thursday. The firm has a market capitalization of $228.16, a P/E ratio of -1.83, a PEG ratio of 8.03 and a beta of -0.43. Noodles & Co has a twelve month low of $3.16 and a twelve month high of $6.00. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78.

Several hedge funds have recently added to or reduced their stakes in NDLS. Catterton Management Company L.L.C. raised its position in shares of Noodles & Co by 62.5% during the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock valued at $43,317,000 after buying an additional 4,272,103 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Noodles & Co during the 3rd quarter valued at approximately $1,327,000. Eidelman Virant Capital raised its position in shares of Noodles & Co by 106.7% during the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock valued at $1,636,000 after buying an additional 192,000 shares during the period. Royce & Associates LP raised its position in shares of Noodles & Co by 433.3% during the 3rd quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock valued at $880,000 after buying an additional 162,500 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Noodles & Co by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after buying an additional 28,054 shares during the period. 66.69% of the stock is currently owned by hedge funds and other institutional investors.

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Noodles & Co Company Profile

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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