Analysts forecast that Noodles & Co (NASDAQ:NDLS) will report $110.99 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Noodles & Co’s earnings. The highest sales estimate is $111.74 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 14.2%. 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 $110.99 million for the current fiscal year, with estimates ranging from $453.95 million to $458.90 million. For the next financial year, analysts expect that the company will post sales of $463.13 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.
NDLS has been the topic of a number of recent research reports. Zacks Investment Research cut Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. SunTrust Banks reiterated a “hold” rating and issued a $6.00 target price on shares of Noodles & Co in a report on Wednesday, January 3rd. Citigroup increased their price target 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 target on Noodles & Co and gave the company a “hold” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Noodles & Co presently has an average rating of “Hold” and a consensus target price of $5.00.
Noodles & Co (NASDAQ:NDLS) opened at $6.00 on Wednesday. Noodles & Co has a twelve month low of $3.16 and a twelve month high of $6.35. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.57 and a quick ratio of 0.31. The stock has a market capitalization of $221.74, a price-to-earnings ratio of -1.97, a P/E/G ratio of 8.15 and a beta of -0.26.
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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