Noodles & Co (NASDAQ:NDLS) – Equities research analysts at SunTrust Banks increased their Q2 2019 earnings estimates for Noodles & Co in a note issued to investors on Thursday, October 25th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.05. SunTrust Banks has a “Buy” rating and a $15.00 price objective on the stock. SunTrust Banks also issued estimates for Noodles & Co’s FY2020 earnings at $0.26 EPS.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Tuesday, October 23rd. The restaurant operator reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $114.80 million. Noodles & Co had a negative net margin of 1.96% and a positive return on equity of 2.23%. Noodles & Co’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS.

Several other research firms also recently weighed in on NDLS. ValuEngine downgraded shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 7th. BMO Capital Markets lifted their price objective on shares of Noodles & Co from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Wednesday, October 24th. BidaskClub cut shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research cut shares of Noodles & Co from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Citigroup lifted their price objective on shares of Noodles & Co from $11.50 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.50.

NASDAQ:NDLS opened at $9.70 on Monday. The company has a market cap of $426.04 million, a price-to-earnings ratio of 485.00, a P/E/G ratio of 36.95 and a beta of -0.58. Noodles & Co has a twelve month low of $3.95 and a twelve month high of $13.50. The company has a current ratio of 0.68, a quick ratio of 0.29 and a debt-to-equity ratio of 0.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. GSA Capital Partners LLP acquired a new stake in Noodles & Co during the 2nd quarter valued at approximately $175,000. Solstein Capital LLC acquired a new stake in Noodles & Co during the 2nd quarter valued at approximately $197,000. Macquarie Group Ltd. acquired a new stake in Noodles & Co during the 2nd quarter valued at approximately $200,000. Dimensional Fund Advisors LP acquired a new stake in Noodles & Co during the 2nd quarter valued at approximately $250,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Noodles & Co during the 2nd quarter valued at approximately $300,000. Institutional investors and hedge funds own 62.56% of the company’s stock.

In other Noodles & Co news, major shareholder Mill Road Capital Ii, L.P. sold 387,463 shares of Noodles & Co stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $9.50, for a total transaction of $3,680,898.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melissa Heidman sold 4,315 shares of Noodles & Co stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $12.00, for a total transaction of $51,780.00. Following the sale, the executive vice president now owns 24,740 shares of the company’s stock, valued at $296,880. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 977,941 shares of company stock valued at $9,695,011. Company insiders own 50.52% of the company’s stock.

Noodles & Co 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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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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