Noodles & (NDLS) Given Daily News Impact Score of 0.16
Media headlines about Noodles & (NASDAQ:NDLS) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Noodles & earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 46.2191339221497 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NDLS has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price objective on shares of Noodles & in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price objective (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Wedbush reaffirmed a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $4.00 price objective on shares of Noodles & in a research note on Friday, August 11th. Finally, Zacks Investment Research cut shares of Noodles & from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.72.
Shares of Noodles & (NASDAQ:NDLS) traded up 3.53% during midday trading on Friday, hitting $4.40. 95,447 shares of the stock were exchanged. The firm’s 50-day moving average is $4.06 and its 200 day moving average is $4.49. The firm’s market cap is $180.88 million. Noodles & has a 52-week low of $3.16 and a 52-week high of $6.00.
Noodles & (NASDAQ:NDLS) last posted its earnings results on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The business had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $113.98 million. During the same period last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts forecast that Noodles & will post ($0.01) earnings per share for the current year.
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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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