Noodles & Co (NASDAQ:NDLS) released its quarterly earnings data on Thursday. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01), Briefing.com reports. Noodles & Co had a positive return on equity of 2.23% and a negative net margin of 1.96%. The firm had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.76 million. During the same period last year, the business earned $0.01 EPS. The firm’s revenue was up .4% on a year-over-year basis. Noodles & Co updated its FY 2019 guidance to $0.06-0.15 EPS and its FY19 guidance to $0.06-$0.15 EPS.
Noodles & Co stock traded down $0.73 during trading hours on Friday, hitting $6.65. 28,927 shares of the company traded hands, compared to its average volume of 397,477. The stock has a market cap of $318.00 million, a price-to-earnings ratio of -338.98, a PEG ratio of 5.64 and a beta of 0.06. The company has a current ratio of 0.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Noodles & Co has a 1-year low of $6.25 and a 1-year high of $13.50.
Institutional investors have recently added to or reduced their stakes in the business. SG Capital Management LLC increased its stake in Noodles & Co by 224.3% during the 4th quarter. SG Capital Management LLC now owns 1,030,686 shares of the restaurant operator’s stock valued at $7,204,000 after buying an additional 712,827 shares during the period. FIL Ltd acquired a new position in Noodles & Co during the 3rd quarter valued at about $4,209,000. Mackenzie Financial Corp acquired a new position in Noodles & Co during the 4th quarter valued at about $91,000. JPMorgan Chase & Co. increased its stake in Noodles & Co by 858.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock valued at $3,090,000 after buying an additional 228,781 shares during the period. Finally, Tenzing Global Management LLC increased its stake in Noodles & Co by 19.8% during the 3rd quarter. Tenzing Global Management LLC now owns 1,000,000 shares of the restaurant operator’s stock valued at $12,100,000 after buying an additional 165,000 shares during the period. 68.46% of the stock is currently owned by hedge funds and other institutional investors.
NDLS has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of Noodles & Co from a “sector perform” rating to an “outperform” rating and set a $8.50 price objective on the stock in a report on Monday, December 3rd. They noted that the move was a valuation call. Jefferies Financial Group raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, February 22nd. BidaskClub cut shares of Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Zacks Investment Research raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, January 9th. Finally, ValuEngine cut shares of Noodles & Co from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.75.
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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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