Noodles & Co (NASDAQ:NDLS) Expected to Post Quarterly Sales of $120.37 Million

Brokerages forecast that Noodles & Co (NASDAQ:NDLS) will announce $120.37 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Noodles & Co’s earnings. The highest sales estimate is $121.33 million and the lowest is $119.00 million. Noodles & Co reported sales of $116.73 million during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is expected to announce its next earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Noodles & Co will report full year sales of $468.88 million for the current financial year, with estimates ranging from $467.00 million to $470.32 million. For the next financial year, analysts forecast that the business will post sales of $489.65 million, with estimates ranging from $482.35 million to $494.20 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $117.72 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Noodles & Co from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. ValuEngine upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Noodles & Co presently has a consensus rating of “Hold” and an average price target of $10.71.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in Noodles & Co during the second quarter worth about $31,000. Bank of Montreal Can grew its holdings in Noodles & Co by 92.4% during the second quarter. Bank of Montreal Can now owns 5,026 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 2,414 shares during the period. Great West Life Assurance Co. Can bought a new position in Noodles & Co during the fourth quarter worth about $48,000. Macquarie Group Ltd. grew its holdings in Noodles & Co by 560.3% during the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 6,667 shares during the period. Finally, US Bancorp DE grew its holdings in Noodles & Co by 61.7% during the second quarter. US Bancorp DE now owns 8,596 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 3,279 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.

Shares of NASDAQ NDLS traded down $0.33 during mid-day trading on Thursday, hitting $6.05. The company had a trading volume of 749,287 shares, compared to its average volume of 480,701. The company has a market capitalization of $293.78 million, a PE ratio of 302.50, a price-to-earnings-growth ratio of 4.86 and a beta of 0.05. The firm has a 50-day simple moving average of $7.55 and a two-hundred day simple moving average of $7.30. The company has a current ratio of 0.40, a quick ratio of 0.21 and a debt-to-equity ratio of 5.92. Noodles & Co has a one year low of $5.85 and a one year high of $13.50.

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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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

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