Noodles & Co (NASDAQ:NDLS) posted its quarterly earnings data on Thursday. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02, Briefing.com reports. The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.70 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. Noodles & Co’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. Noodles & Co updated its FY19 guidance to $0.14-0.18 EPS.
NASDAQ NDLS traded up $0.09 during trading hours on Friday, hitting $5.66. 902,200 shares of the company traded hands, compared to its average volume of 450,446. The business’s 50-day moving average is $5.30 and its 200-day moving average is $6.67. Noodles & Co has a twelve month low of $4.45 and a twelve month high of $9.79. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.21 and a current ratio of 0.40. The stock has a market capitalization of $243.05 million, a price-to-earnings ratio of 283.00 and a beta of 0.20.
NDLS has been the subject of a number of research reports. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. 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 Sunday, September 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.50.
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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