Noodles & Co (NDLS) Releases FY18 Earnings Guidance
Noodles & Co (NASDAQ:NDLS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $(0.01)-0.03 for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $440-450 million, compared to the consensus revenue estimate of $461.13 million.
Shares of Noodles & Co (NDLS) traded down $0.25 on Wednesday, hitting $6.15. 188,228 shares of the stock were exchanged, compared to its average volume of 74,366. The stock has a market capitalization of $269.26, a price-to-earnings ratio of -2.11, a PEG ratio of 8.99 and a beta of -0.32. The company has a quick ratio of 0.31, a current ratio of 0.57 and a debt-to-equity ratio of 1.78. Noodles & Co has a 12-month low of $3.35 and a 12-month high of $7.40.
NDLS has been the topic of a number of research analyst reports. BidaskClub lowered shares of Noodles & Co from a buy rating to a hold rating in a report on Saturday, February 24th. Zacks Investment Research lowered shares of Noodles & Co from a hold rating to a sell rating in a report on Tuesday, November 14th. SunTrust Banks reissued a hold rating and set a $6.00 price objective on shares of Noodles & Co in a report on Wednesday, January 3rd. Finally, Citigroup upped their price target on shares of Noodles & Co from $5.00 to $6.00 and gave the company a buy rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $5.00.
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About Noodles & Co
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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