Wall Street analysts predict that Noodles & Company (NASDAQ:NDLS) will announce $113.66 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Noodles &’s earnings, with the lowest sales estimate coming in at $112.88 million and the highest estimate coming in at $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 6.4%. The company is expected to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Noodles & will report full-year sales of $113.66 million for the current financial year, with estimates ranging from $459.00 million to $464.05 million. For the next financial year, analysts anticipate that the firm will post sales of $473.82 million per share, with estimates ranging from $470.03 million to $477.55 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Noodles &.
Noodles & (NASDAQ:NDLS) last posted its quarterly earnings results on Tuesday, May 9th. The restaurant operator reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). The company had revenue of $116.72 million for the quarter, compared to the consensus estimate of $115.34 million. Noodles & had a negative return on equity of 10.55% and a negative net margin of 19.61%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) EPS.
A number of research firms recently weighed in on NDLS. Zacks Investment Research lowered shares of Noodles & from a “hold” rating to a “sell” rating in a report on Friday, July 21st. 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. ValuEngine downgraded shares of Noodles & from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Wedbush reaffirmed a “hold” rating and issued a $5.50 price objective on shares of Noodles & in a research report on Wednesday, May 10th. Finally, 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. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Noodles & has an average rating of “Hold” and an average price target of $5.35.
Noodles & (NASDAQ NDLS) remained flat at $3.85 during mid-day trading on Friday. 48,829 shares of the stock traded hands. The company’s 50-day moving average is $3.98 and its 200 day moving average is $4.50. The firm’s market cap is $152.32 million. Noodles & has a 52-week low of $3.16 and a 52-week high of $7.63.
In related news, Director Robert M. Hartnett bought 72,000 shares of Noodles & stock in a transaction dated Thursday, June 15th. The stock was purchased at an average cost of $3.55 per share, with a total value of $255,600.00. Following the transaction, the director now directly owns 61,682 shares of the company’s stock, valued at $218,971.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 52.67% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Noodles & by 0.5% in the fourth quarter. FMR LLC now owns 3,951,069 shares of the restaurant operator’s stock worth $16,199,000 after buying an additional 20,700 shares in the last quarter. Renaissance Technologies LLC increased its position in Noodles & by 26.2% in the first quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock worth $2,872,000 after buying an additional 103,600 shares in the last quarter. Creative Planning increased its position in Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock worth $281,000 after buying an additional 72,000 shares in the last quarter. Two Sigma Investments LP increased its position in Noodles & by 47.3% in the fourth quarter. Two Sigma Investments LP now owns 63,504 shares of the restaurant operator’s stock worth $260,000 after buying an additional 20,380 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock worth $334,000 after buying an additional 27,818 shares in the last quarter. 54.55% of the stock is owned by hedge funds and other institutional investors.
About Noodles &
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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