Noodles & Company (NASDAQ:NDLS) Expected to Post Earnings of $0.11 Per Share

Equities research analysts expect that Noodles & Company (NASDAQ:NDLS) will post earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Noodles & Company’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. Noodles & Company reported earnings per share of ($0.18) in the same quarter last year, which would suggest a positive year over year growth rate of 161.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 5th.

According to Zacks, analysts expect that Noodles & Company will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $0.31. For the next year, analysts anticipate that the business will post earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.55. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Noodles & Company.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Thursday, April 29th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Noodles & Company had a negative return on equity of 32.43% and a negative net margin of 4.82%. The firm had revenue of $109.58 million for the quarter, compared to analysts’ expectations of $104.40 million.

NDLS has been the topic of several recent analyst reports. Sidoti initiated coverage on shares of Noodles & Company in a report on Wednesday, May 26th. They set a “buy” rating on the stock. TheStreet raised shares of Noodles & Company from a “d+” rating to a “c” rating in a report on Wednesday, March 24th. BMO Capital Markets increased their target price on shares of Noodles & Company from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Monday, May 3rd. Zacks Investment Research cut shares of Noodles & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, May 11th. Finally, Piper Sandler upgraded shares of Noodles & Company from a “neutral” rating to an “overweight” rating and increased their target price for the company from $9.00 to $14.00 in a research report on Wednesday, March 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $12.50.

In related news, CAO Kathryn Rae Lockhart sold 3,675 shares of the firm’s stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $13.00, for a total transaction of $47,775.00. Following the completion of the sale, the chief accounting officer now directly owns 34,522 shares in the company, valued at $448,786. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. increased its position in shares of Noodles & Company by 301.4% during the fourth quarter. Citigroup Inc. now owns 6,025 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 4,524 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Noodles & Company by 38.9% during the first quarter. BNP Paribas Arbitrage SA now owns 9,040 shares of the restaurant operator’s stock valued at $94,000 after acquiring an additional 2,532 shares during the last quarter. Laurion Capital Management LP acquired a new stake in shares of Noodles & Company during the fourth quarter valued at about $79,000. Credit Suisse AG acquired a new stake in shares of Noodles & Company during the fourth quarter valued at about $79,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Noodles & Company during the first quarter valued at about $121,000. Institutional investors and hedge funds own 85.73% of the company’s stock.

NDLS opened at $12.46 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $566.52 million, a P/E ratio of -28.98, a price-to-earnings-growth ratio of 4.56 and a beta of 1.42. Noodles & Company has a 52-week low of $5.14 and a 52-week high of $13.29. The firm’s fifty day moving average is $11.44.

About Noodles & Company

Noodles & Company develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 29, 2020, the company operated 378 company-owned and 76 franchised restaurants in 29 states, and the District of Columbia. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.

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

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