Wall Street analysts expect that Noodles & Co (NASDAQ:NDLS) will report $112.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Noodles & Co’s earnings, with the highest sales estimate coming in at $116.59 million and the lowest estimate coming in at $110.23 million. Noodles & Co reported sales of $129.40 million in the same quarter last year, which indicates a negative year over year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Noodles & Co will report full-year sales of $112.85 million for the current fiscal year, with estimates ranging from $453.95 million to $461.98 million. For the next financial year, analysts forecast that the firm will report sales of $463.07 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.45 million. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. Noodles & Co’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS.

Several research analysts have commented on NDLS shares. Citigroup raised their price objective on Noodles & Co from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks restated a “hold” rating and set a $6.00 price objective on shares of Noodles & Co in a report on Wednesday, January 3rd. Finally, BMO Capital Markets set a $4.00 price objective on Noodles & Co and gave the stock a “hold” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Noodles & Co (NASDAQ:NDLS) opened at $5.55 on Thursday. The company has a market capitalization of $228.16, a price-to-earnings ratio of -1.83, a price-to-earnings-growth ratio of 8.03 and a beta of -0.43. Noodles & Co has a fifty-two week low of $3.16 and a fifty-two week high of $6.00. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. Schwab Charles Investment Management Inc. boosted its position in Noodles & Co by 52.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 9,287 shares in the last quarter. Royce & Associates LP bought a new stake in Noodles & Co during the 2nd quarter valued at $146,000. Northern Trust Corp boosted its position in Noodles & Co by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 491 shares in the last quarter. Vanguard Group Inc. boosted its position in Noodles & Co by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after acquiring an additional 28,054 shares in the last quarter. Finally, State Street Corp boosted its position in Noodles & Co by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after acquiring an additional 7,823 shares in the last quarter. 66.69% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Noodles & Co (NDLS) Expected to Post Quarterly Sales of $112.85 Million” was published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/01/11/noodles-co-ndls-expected-to-post-quarterly-sales-of-112-85-million.html.

Noodles & Co 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.

Get a free copy of the Zacks research report on Noodles & Co (NDLS)

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.