Noodles & Company (NASDAQ:NDLS) Releases Quarterly Earnings Results

Noodles & Company (NASDAQ:NDLS) issued its quarterly earnings results on Wednesday. The restaurant operator reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05), Zacks reports. The firm had revenue of $122.75 million during the quarter, compared to the consensus estimate of $125.43 million. Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 86.34%. During the same quarter last year, the firm earned $0.04 earnings per share. Noodles & Company updated its FY 2024 guidance to EPS.

Noodles & Company Stock Down 0.5 %

Shares of NASDAQ:NDLS traded down $0.01 during midday trading on Friday, reaching $1.01. The company had a trading volume of 212,201 shares, compared to its average volume of 169,105. Noodles & Company has a 1-year low of $0.99 and a 1-year high of $3.50. The stock has a market cap of $45.87 million, a PE ratio of -1.38 and a beta of 1.73. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 8.79. The business’s 50 day moving average price is $1.21 and its 200 day moving average price is $1.57.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NDLS. StockNews.com lowered Noodles & Company from a “hold” rating to a “sell” rating in a research report on Friday. Truist Financial lowered their price objective on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday.

About Noodles & Company

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.