Wall Street brokerages expect that Noodles & Co (NASDAQ:NDLS) will post $108.93 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Noodles & Co’s earnings. The lowest sales estimate is $108.24 million and the highest is $109.54 million. Noodles & Co posted sales of $110.53 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The company is expected to issue its next earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Noodles & Co will report full-year sales of $465.43 million for the current fiscal year, with estimates ranging from $464.75 million to $465.90 million. For the next year, analysts anticipate that the company will post sales of $494.04 million, with estimates ranging from $489.13 million to $497.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last issued its earnings results on Thursday, March 14th. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.76 million. Noodles & Co had a positive return on equity of 2.44% and a negative net margin of 1.84%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share.

Several research analysts recently commented on NDLS shares. Jefferies Financial Group raised Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, February 22nd. Zacks Investment Research raised shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, January 9th. SunTrust Banks dropped their price objective on shares of Noodles & Co to $13.00 and set a “buy” rating on the stock in a report on Monday, March 18th. BidaskClub raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, ValuEngine lowered shares of Noodles & Co from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.50.

A number of large investors have recently bought and sold shares of NDLS. Wells Fargo & Company MN boosted its holdings in Noodles & Co by 43.7% in the third quarter. Wells Fargo & Company MN now owns 310,694 shares of the restaurant operator’s stock valued at $3,759,000 after purchasing an additional 94,499 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Noodles & Co by 858.6% in the third quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock valued at $3,090,000 after purchasing an additional 228,781 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Noodles & Co by 26.5% in the third quarter. Bank of New York Mellon Corp now owns 53,030 shares of the restaurant operator’s stock valued at $642,000 after purchasing an additional 11,116 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Noodles & Co in the third quarter valued at $489,000. Finally, BlackRock Inc. boosted its holdings in Noodles & Co by 21.5% in the third quarter. BlackRock Inc. now owns 1,143,811 shares of the restaurant operator’s stock valued at $13,840,000 after purchasing an additional 202,146 shares during the last quarter. 68.45% of the stock is currently owned by institutional investors.

NDLS stock traded down $0.02 during midday trading on Friday, hitting $6.60. The stock had a trading volume of 249,950 shares, compared to its average volume of 608,647. The stock has a market cap of $289.94 million, a P/E ratio of 330.00, a price-to-earnings-growth ratio of 6.47 and a beta of 0.06. Noodles & Co has a 52 week low of $6.10 and a 52 week high of $13.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.41.

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, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.

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

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