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Noodles & Co (NDLS) Posts Earnings Results, Beats Estimates By $0.02 EPS

Noodles & Co (NASDAQ:NDLS) released its quarterly earnings results on Thursday. The restaurant operator reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Morningstar.com reports. The firm had revenue of $110.05 million during the quarter, compared to analyst estimates of $108.93 million. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.74%. Noodles & Co updated its FY 2019 guidance to $0.08-0.16 EPS.

NASDAQ:NDLS traded up $0.88 during midday trading on Friday, hitting $8.54. The company had a trading volume of 1,121,957 shares, compared to its average volume of 372,024. Noodles & Co has a 52-week low of $5.85 and a 52-week high of $13.50. The firm has a market capitalization of $336.53 million, a PE ratio of 427.00, a price-to-earnings-growth ratio of 7.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.70.

Get Noodles & Co alerts: A number of research analysts have recently commented on NDLS shares. SunTrust Banks reduced their price target on shares of Noodles & Co to $13.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Zacks Investment Research lowered shares of Noodles & Co from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 25th. BidaskClub upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, February 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.50.

A number of large investors have recently made changes to their positions in the stock. US Bancorp DE purchased a new position in Noodles & Co in the first quarter worth $36,000. Rhumbline Advisers grew its position in Noodles & Co by 55.8% in the fourth quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after acquiring an additional 6,115 shares in the last quarter. Macquarie Group Ltd. grew its position in Noodles & Co by 560.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 6,667 shares in the last quarter. Geode Capital Management LLC grew its position in Noodles & Co by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock worth $2,391,000 after acquiring an additional 6,676 shares in the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in Noodles & Co in the fourth quarter worth $48,000. Institutional investors own 65.48% of the company’s stock.

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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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