Equities research analysts expect Noodles & Company (NASDAQ:NDLS) to report ($0.02) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Noodles & Company’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.04). Noodles & Company posted earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year over year growth rate of 75%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that Noodles & Company will report full year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.02 to $0.06. For the next financial year, analysts anticipate that the business will report earnings of $0.06 per share, with EPS estimates ranging from $0.05 to $0.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Noodles & Company.

Noodles & Company (NASDAQ:NDLS) last released its earnings results on Wednesday, March 14th. The restaurant operator reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Noodles & Company had a negative return on equity of 2.48% and a negative net margin of 8.21%. The company had revenue of $112.77 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter last year, the company earned ($0.04) earnings per share. Noodles & Company’s quarterly revenue was down 12.8% compared to the same quarter last year.

NDLS has been the subject of a number of recent analyst reports. SunTrust Banks reissued a “hold” rating and issued a $6.00 target price on shares of Noodles & Company in a report on Wednesday, January 3rd. Zacks Investment Research raised Noodles & Company from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub downgraded Noodles & Company from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 18th. BMO Capital Markets set a $5.00 target price on Noodles & Company and gave the company a “hold” rating in a report on Wednesday, March 14th. Finally, Wedbush reissued a “neutral” rating on shares of Noodles & Company in a report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.17.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Noodles & Company by 3.2% in the fourth quarter. BlackRock Inc. now owns 840,837 shares of the restaurant operator’s stock valued at $4,415,000 after buying an additional 26,022 shares in the last quarter. Eidelman Virant Capital increased its position in shares of Noodles & Company by 117.5% in the fourth quarter. Eidelman Virant Capital now owns 809,170 shares of the restaurant operator’s stock valued at $4,248,000 after buying an additional 437,170 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Noodles & Company by 6.9% in the second quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after buying an additional 28,054 shares in the last quarter. Royce & Associates LP increased its position in shares of Noodles & Company by 433.3% in the third quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock valued at $880,000 after buying an additional 162,500 shares in the last quarter. Finally, State Street Corp increased its position in shares of Noodles & Company by 4.6% in the second quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after buying an additional 7,823 shares in the last quarter. Institutional investors and hedge funds own 52.63% of the company’s stock.

Noodles & Company stock opened at $7.60 on Friday. Noodles & Company has a one year low of $3.35 and a one year high of $8.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.50 and a quick ratio of 0.28. The firm has a market capitalization of $297.04, a price-to-earnings ratio of -380.00, a price-to-earnings-growth ratio of 24.49 and a beta of -0.49.

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Noodles & Company 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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