Noodles & Co (NASDAQ:NDLS) – Research analysts at SunTrust Banks decreased their Q1 2018 earnings estimates for shares of Noodles & Co in a research note issued on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings per share of ($0.03) for the quarter, down from their prior forecast of ($0.02). SunTrust Banks has a “Hold” rating and a $6.00 price target on the stock. SunTrust Banks also issued estimates for Noodles & Co’s FY2018 earnings at $0.06 EPS.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. Noodles & Co had a negative net margin of 17.41% and a negative return on equity of 6.83%. The firm had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.45 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue was down 6.9% compared to the same quarter last year.

NDLS has been the subject of a number of other reports. Citigroup increased their target price on shares of Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets set a $4.00 target price on shares of Noodles & Co and gave the company a “hold” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.00.

Noodles & Co (NDLS) opened at $5.30 on Friday. Noodles & Co has a 52-week low of $3.16 and a 52-week high of $6.00. The firm has a market cap of $205.90, a P/E ratio of -1.74, a PEG ratio of 7.88 and a beta of -0.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDLS. Catterton Management Company L.L.C. boosted its holdings in Noodles & Co by 62.5% in the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock worth $43,317,000 after buying an additional 4,272,103 shares during the period. Salem Investment Counselors Inc. bought a new position in Noodles & Co in the 3rd quarter worth approximately $1,327,000. Eidelman Virant Capital boosted its holdings in Noodles & Co by 106.7% in the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock worth $1,636,000 after buying an additional 192,000 shares during the period. Royce & Associates LP boosted its holdings in Noodles & Co by 433.3% in the 3rd quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock worth $880,000 after buying an additional 162,500 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Noodles & Co by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock worth $1,694,000 after buying an additional 28,054 shares during the period. 66.69% of the stock is owned by institutional investors.

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Noodles & Co 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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