Noodles & (NDLS) Earning Somewhat Favorable News Coverage, Report Finds
Media stories about Noodles & (NASDAQ:NDLS) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Noodles & earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 45.3578894892473 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Comparing Noodles & (NDLS) & The Competition (americanbankingnews.com)
- Noodles & Company (NDLS) Expected to Post Quarterly Sales of $114.89 Million (americanbankingnews.com)
- Olo Teams Up with Amazon Restaurants to Bring an Easy, Integrated Online Delivery Experience to Thousands of Restaurants (businesswire.com)
- Contrasting Noodles & (NDLS) and Its Rivals (americanbankingnews.com)
Several research firms recently issued reports on NDLS. Jefferies Group LLC reissued a “hold” rating and set a $4.50 price target (down from $5.50) on shares of Noodles & in a report on Friday, August 11th. Zacks Investment Research cut shares of Noodles & from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Wedbush reissued a “hold” rating on shares of Noodles & in a report on Friday, August 11th. BMO Capital Markets reissued a “hold” rating and set a $5.00 price target on shares of Noodles & in a report on Thursday, June 22nd. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $4.00 price target on shares of Noodles & in a report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Noodles & has an average rating of “Hold” and a consensus price target of $4.72.
Noodles & (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $112.79 million during the quarter, compared to the consensus estimate of $113.98 million. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.25%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share.
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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