Zacks: Analysts Expect Noodles & Co (NASDAQ:NDLS) to Announce $0.01 EPS

Equities research analysts expect Noodles & Co (NASDAQ:NDLS) to report $0.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Noodles & Co’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Noodles & Co posted earnings of $0.09 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 88.9%. The firm is scheduled to report its next earnings report on Thursday, November 5th.

On average, analysts expect that Noodles & Co will report full-year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.19). For the next year, analysts expect that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.24 to $0.28. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Thursday, August 6th. The restaurant operator reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The company had revenue of $80.20 million during the quarter, compared to the consensus estimate of $79.61 million. Noodles & Co had a negative return on equity of 10.90% and a negative net margin of 3.94%. The firm’s quarterly revenue was down 33.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share.

NDLS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Saturday, August 8th. SunTrust Banks restated a “buy” rating and set a $9.00 target price on shares of Noodles & Co in a research report on Thursday, June 18th. BidaskClub upgraded Noodles & Co from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet raised Noodles & Co from a “d+” rating to a “c-” rating in a research note on Thursday, August 20th. Finally, ValuEngine raised Noodles & Co from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $9.31.

In related news, insider Holdings Ll Catterton-Noodles sold 1,435,000 shares of Noodles & Co stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $7.85, for a total transaction of $11,264,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of NDLS. BlackRock Inc. grew its stake in Noodles & Co by 0.3% in the first quarter. BlackRock Inc. now owns 2,073,208 shares of the restaurant operator’s stock valued at $9,765,000 after acquiring an additional 5,413 shares during the period. SG Americas Securities LLC acquired a new position in Noodles & Co in the first quarter valued at about $49,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Noodles & Co in the first quarter valued at about $189,000. JPMorgan Chase & Co. grew its stake in Noodles & Co by 183.6% in the first quarter. JPMorgan Chase & Co. now owns 36,269 shares of the restaurant operator’s stock valued at $171,000 after acquiring an additional 23,482 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Noodles & Co by 788.9% in the first quarter. GSA Capital Partners LLP now owns 104,663 shares of the restaurant operator’s stock valued at $493,000 after acquiring an additional 92,889 shares during the period. 69.87% of the stock is owned by hedge funds and other institutional investors.

Shares of NDLS stock traded down $0.23 on Friday, reaching $6.96. 252,877 shares of the stock were exchanged, compared to its average volume of 399,836. The stock has a market cap of $308.71 million, a PE ratio of -18.81 and a beta of 0.94. Noodles & Co has a one year low of $3.14 and a one year high of $9.31. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.27 and a quick ratio of 1.12. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $6.11.

Noodles & Co Company Profile

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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