According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “
Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Noodles & Co from a sell rating to a hold rating in a report on Sunday, September 1st. ValuEngine upgraded shares of Noodles & Co from a sell rating to a hold rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Noodles & Co has a consensus rating of Hold and a consensus price target of $10.71.
Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $117.72 million. Noodles & Co had a negative net margin of 0.07% and a positive return on equity of 6.80%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. On average, equities analysts forecast that Noodles & Co will post 0.16 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in NDLS. Goodwin Daniel L grew its stake in shares of Noodles & Co by 105.5% in the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock worth $5,851,000 after purchasing an additional 381,100 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Noodles & Co in the 2nd quarter valued at about $2,789,000. Landscape Capital Management L.L.C. purchased a new stake in Noodles & Co in the 2nd quarter valued at about $383,000. Isomer Partners LP increased its stake in Noodles & Co by 44.7% in the 2nd quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock valued at $13,395,000 after buying an additional 525,000 shares during the last quarter. Finally, Swiss National Bank increased its stake in Noodles & Co by 40.4% in the 2nd quarter. Swiss National Bank now owns 49,000 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 14,100 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.
About Noodles & Co
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.
See Also: Growth Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.