Noodles & Co (NASDAQ:NDLS) posted its quarterly earnings data on Thursday. The restaurant operator reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02, Briefing.com reports. The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.70 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 earnings per share. Noodles & Co updated its FY19 guidance to $0.14-0.18 EPS.
Shares of NDLS stock traded up $0.09 during trading hours on Friday, hitting $5.66. The stock had a trading volume of 902,200 shares, compared to its average volume of 450,446. Noodles & Co has a twelve month low of $4.45 and a twelve month high of $9.79. The firm has a market capitalization of $243.05 million, a PE ratio of 283.00 and a beta of 0.20. The stock’s 50 day moving average is $5.30 and its 200 day moving average is $6.67. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.40 and a quick ratio of 0.21.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub raised Noodles & Co from a “sell” rating to a “hold” rating in a report on Sunday, September 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Noodles & Co presently has a consensus rating of “Hold” and a consensus target price of $10.50.
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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