Noodles & Co (NASDAQ:NDLS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.06-$0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $462-$470 million, compared to the consensus revenue estimate of $463.70 million.Noodles & Co also updated its FY 2019 guidance to $0.06-0.15 EPS.
Several equities analysts have recently commented on the company. BidaskClub downgraded Noodles & Co from a hold rating to a sell rating in a research report on Wednesday. Zacks Investment Research raised Noodles & Co from a hold rating to a buy rating and set a $8.50 target price on the stock in a research report on Thursday, March 7th. ValuEngine downgraded Noodles & Co from a buy rating to a hold rating in a research report on Saturday, December 1st. Royal Bank of Canada downgraded Noodles & Co from an outperform rating to a sector perform rating and set a $8.50 target price on the stock. in a research report on Sunday, December 9th. Finally, Jefferies Financial Group raised Noodles & Co from a hold rating to a buy rating and set a $11.00 target price on the stock in a research report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Noodles & Co currently has a consensus rating of Hold and an average price target of $10.75.
Shares of NDLS stock traded down $0.13 during trading on Thursday, hitting $7.38. The company had a trading volume of 670,849 shares, compared to its average volume of 397,477. The company has a current ratio of 0.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a market cap of $318.00 million, a P/E ratio of -369.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.06. Noodles & Co has a one year low of $6.25 and a one year high of $13.50.
A hedge fund recently raised its stake in Noodles & Co stock. Geode Capital Management LLC lifted its stake in Noodles & Co (NASDAQ:NDLS) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,158 shares of the restaurant operator’s stock after buying an additional 6,676 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Noodles & Co worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 68.46% of the company’s stock.
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About Noodles & Co
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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