Analysts predict that Noodles & Co (NASDAQ:NDLS) will announce $120.37 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Noodles & Co’s earnings. The lowest sales estimate is $119.00 million and the highest is $121.33 million. Noodles & Co reported sales of $116.73 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Noodles & Co will report full year sales of $468.88 million for the current year, with estimates ranging from $467.00 million to $470.32 million. For the next year, analysts forecast that the company will post sales of $489.65 million, with estimates ranging from $482.35 million to $494.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $117.72 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.

Several analysts have recently weighed in on the company. ValuEngine upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Noodles & Co from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.71.

Several institutional investors have recently made changes to their positions in NDLS. Elk Creek Partners LLC purchased a new position in shares of Noodles & Co during the first quarter valued at $5,130,000. BlackRock Inc. grew its stake in Noodles & Co by 56.6% in the second quarter. BlackRock Inc. now owns 2,045,317 shares of the restaurant operator’s stock valued at $16,116,000 after purchasing an additional 739,526 shares during the last quarter. Isomer Partners LP grew its stake in Noodles & Co by 44.7% in the second quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock valued at $13,395,000 after purchasing an additional 525,000 shares during the last quarter. Goodwin Daniel L grew its stake in Noodles & Co by 105.5% in the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock valued at $5,851,000 after purchasing an additional 381,100 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Noodles & Co by 268.7% in the first quarter. Marshall Wace LLP now owns 503,476 shares of the restaurant operator’s stock valued at $3,424,000 after purchasing an additional 366,911 shares during the last quarter. Hedge funds and other institutional investors own 69.77% of the company’s stock.

Shares of NASDAQ:NDLS traded down $0.33 on Thursday, hitting $6.05. 749,287 shares of the company’s stock were exchanged, compared to its average volume of 480,701. Noodles & Co has a 12 month low of $5.85 and a 12 month high of $13.50. The stock has a market capitalization of $293.78 million, a price-to-earnings ratio of 302.50, a price-to-earnings-growth ratio of 4.86 and a beta of 0.05. The business’s 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $7.30. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.40 and a quick ratio of 0.21.

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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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

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