SunTrust Banks Weighs in on Noodles & Company’s Q4 2017 Earnings (NDLS)
Noodles & Company (NASDAQ:NDLS) – Analysts at SunTrust Banks dropped their Q4 2017 EPS estimates for Noodles & in a research report issued on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of ($0.01) per share for the quarter, down from their previous forecast of $0.03. SunTrust Banks currently has a “Hold” rating and a $5.00 target price on the stock. SunTrust Banks also issued estimates for Noodles &’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.05 EPS.
Several other brokerages also recently commented on NDLS. Zacks Investment Research upgraded Noodles & from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BMO Capital Markets cut their target price on Noodles & from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Friday. Wedbush reiterated a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $4.50 price target (down from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Finally, Piper Jaffray Companies restated a “sell” rating and issued a $4.00 price target on shares of Noodles & in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Noodles & presently has an average rating of “Hold” and a consensus price target of $4.57.
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Shares of Noodles & (NASDAQ:NDLS) opened at $4.40 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.57 and a quick ratio of 0.31. Noodles & has a 52 week low of $3.16 and a 52 week high of $6.00.
Noodles & (NASDAQ:NDLS) last issued its earnings results on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Noodles & had a negative return on equity of 6.83% and a negative net margin of 17.41%. The business had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.45 million. During the same period last year, the business posted ($0.04) EPS. The company’s revenue was down 6.9% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in Noodles & by 52.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 9,287 shares during the period. Royce & Associates LP bought a new position in Noodles & in the 2nd quarter worth $146,000. Spark Investment Management LLC bought a new position in Noodles & in the 2nd quarter worth $226,000. Creative Planning raised its holdings in Noodles & by 48,000.0% in the 2nd quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 72,000 shares during the period. Finally, KCG Holdings Inc. raised its holdings in Noodles & by 91.8% in the 1st quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock worth $334,000 after purchasing an additional 27,818 shares during the period. 65.43% of the stock is currently owned by institutional investors.
Noodles & Company Profile
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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