Analysts forecast that Noodles & Co (NASDAQ:NDLS) will report $112.85 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Noodles & Co’s earnings. The highest sales estimate is $116.59 million and the lowest is $110.23 million. Noodles & Co posted sales of $129.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.8%. The firm is scheduled to issue its next 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 fiscal year, with estimates ranging from $453.95 million to $461.98 million. For the next financial year, analysts expect that the company will post sales of $463.07 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. The business had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.45 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was down 6.9% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of NDLS. Schwab Charles Investment Management Inc. raised its holdings in shares of Noodles & Co by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after buying an additional 9,287 shares during the period. Northern Trust Corp raised 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 worth $596,000 after buying an additional 491 shares during the period. State Street Corp raised 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 worth $698,000 after buying an additional 7,823 shares during the period. Royce & Associates LP raised its holdings in shares of Noodles & Co by 433.3% in the third quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock worth $880,000 after buying an additional 162,500 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Noodles & Co in the third quarter worth approximately $1,327,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
Shares of Noodles & Co (NDLS) opened at $6.22 on Friday. Noodles & Co has a 52-week low of $3.16 and a 52-week high of $6.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. The stock has a market capitalization of $261.16, a P/E ratio of -2.05, a price-to-earnings-growth ratio of 8.87 and a beta of -0.43.
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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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