Analysts Issue Forecasts for Noodles & Co’s Q2 2019 Earnings (NDLS)

Noodles & Co (NASDAQ:NDLS) – Analysts at SunTrust Banks boosted their Q2 2019 earnings estimates for Noodles & Co in a research note issued to investors on Thursday, October 25th. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.05. SunTrust Banks currently has a “Buy” rating and a $15.00 target price on the stock. SunTrust Banks also issued estimates for Noodles & Co’s FY2020 earnings at $0.26 EPS.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Noodles & Co from a “strong-buy” rating to a “hold” rating in a research report on Friday. ValuEngine lowered Noodles & Co from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 24th. BMO Capital Markets raised their price objective on Noodles & Co from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. BidaskClub lowered Noodles & Co from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 5th. Finally, Citigroup lifted their target price on Noodles & Co from $11.50 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.50.

NDLS stock opened at $9.40 on Monday. Noodles & Co has a twelve month low of $3.95 and a twelve month high of $13.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.68 and a quick ratio of 0.36. The company has a market cap of $426.04 million, a P/E ratio of -470.00, a P/E/G ratio of 36.95 and a beta of -0.58.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Tuesday, October 23rd. The restaurant operator reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Noodles & Co had a positive return on equity of 2.23% and a negative net margin of 1.96%. The company had revenue of $116.70 million during the quarter, compared to analyst estimates of $114.80 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Noodles & Co by 89.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 594,343 shares of the restaurant operator’s stock worth $7,193,000 after purchasing an additional 280,164 shares in the last quarter. Northpointe Capital LLC bought a new stake in shares of Noodles & Co in the 3rd quarter worth $2,751,000. First Midwest Bank Trust Division increased its holdings in shares of Noodles & Co by 301.7% in the 3rd quarter. First Midwest Bank Trust Division now owns 203,967 shares of the restaurant operator’s stock worth $2,468,000 after purchasing an additional 153,192 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Noodles & Co in the 3rd quarter worth $3,846,000. Finally, Eidelman Virant Capital increased its holdings in shares of Noodles & Co by 9.7% in the 3rd quarter. Eidelman Virant Capital now owns 784,696 shares of the restaurant operator’s stock worth $9,494,000 after purchasing an additional 69,405 shares in the last quarter. 63.83% of the stock is owned by institutional investors and hedge funds.

In other Noodles & Co news, Director Robert M. Hartnett sold 9,652 shares of Noodles & Co stock in a transaction on Monday, August 27th. The stock was sold at an average price of $11.51, for a total value of $111,094.52. Following the completion of the sale, the director now owns 96,606 shares of the company’s stock, valued at approximately $1,111,935.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Melissa Heidman sold 5,924 shares of Noodles & Co stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $13.00, for a total value of $77,012.00. Following the completion of the sale, the executive vice president now directly owns 31,019 shares of the company’s stock, valued at approximately $403,247. The disclosure for this sale can be found here. In the last three months, insiders sold 590,478 shares of company stock valued at $6,014,112. Corporate insiders own 50.52% of the company’s stock.

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, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.

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

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