Equities research analysts expect Noodles & Company (NASDAQ:NDLS) to report sales of $113.52 million for the current quarter, according to Zacks. Four analysts have issued estimates for Noodles &’s earnings, with estimates ranging from $112.88 million to $114.25 million. Noodles & reported sales of $121.41 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The company is expected to issue its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Noodles & will report full-year sales of $113.52 million for the current year, with estimates ranging from $458.15 million to $464.05 million. For the next fiscal year, analysts expect that the firm will post sales of $471.19 million per share, with estimates ranging from $460.66 million to $477.55 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Noodles &.
Noodles & (NASDAQ:NDLS) last issued its quarterly earnings results on Tuesday, May 9th. The restaurant operator reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Noodles & had a negative return on equity of 10.55% and a negative net margin of 19.61%. The company had revenue of $116.72 million during the quarter, compared to analyst estimates of $115.34 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year.
NDLS has been the subject of a number of recent analyst reports. Zacks Investment Research cut Noodles & from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. ValuEngine cut Noodles & from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.50 price objective on shares of Noodles & in a research report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Noodles & in a research report on Thursday, June 22nd. Finally, Wedbush reaffirmed a “hold” rating and issued a $5.50 price objective on shares of Noodles & in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Noodles & currently has a consensus rating of “Hold” and a consensus target price of $5.35.
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In other news, Director Robert M. Hartnett purchased 72,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $3.55 per share, with a total value of $255,600.00. Following the acquisition, the director now owns 61,682 shares in the company, valued at approximately $218,971.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 52.67% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in NDLS. Spark Investment Management LLC purchased a new stake in Noodles & during the second quarter valued at $226,000. Creative Planning boosted its stake in Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 72,000 shares during the last quarter. KCG Holdings Inc. boosted its stake in Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 27,818 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Noodles & by 26.2% in the first quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock valued at $2,872,000 after buying an additional 103,600 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Noodles & by 47.3% in the fourth quarter. Two Sigma Investments LP now owns 63,504 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 20,380 shares during the last quarter. 54.88% of the stock is owned by institutional investors and hedge funds.
Noodles & (NASDAQ NDLS) opened at 3.85 on Friday. The stock’s 50 day moving average price is $3.98 and its 200-day moving average price is $4.50. Noodles & has a one year low of $3.16 and a one year high of $7.63. The firm’s market capitalization is $157.90 million.
Noodles & Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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