Noodles & Co (NDLS) Expected to Announce Quarterly Sales of $112.85 Million

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.

NDLS has been the topic of a number of recent research reports. Zacks Investment Research downgraded Noodles & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. SunTrust Banks restated a “hold” rating and set a $6.00 price objective on shares of Noodles & Co in a research report on Wednesday, January 3rd. Citigroup upped their price objective on Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $4.00 price objective on Noodles & Co and gave the company a “hold” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.00.

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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