SunTrust Banks Analysts Lower Earnings Estimates for Noodles & Co (NDLS)
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.
ILLEGAL ACTIVITY WARNING: “SunTrust Banks Analysts Lower Earnings Estimates for Noodles & Co (NDLS)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/suntrust-banks-analysts-lower-earnings-estimates-for-noodles-co-ndls/1797715.html.
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.
Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.