Noodles & Co (NASDAQ:NDLS) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01), Briefing.com reports. Noodles & Co had a positive return on equity of 2.23% and a negative net margin of 1.96%. The business had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.76 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Noodles & Co updated its FY 2019 guidance to $0.06-0.15 EPS and its FY19 guidance to $0.06-$0.15 EPS.
Shares of NDLS traded down $1.05 during mid-day trading on Friday, hitting $6.33. The company had a trading volume of 1,194,930 shares, compared to its average volume of 397,477. The stock has a market capitalization of $318.00 million, a PE ratio of -316.63, a P/E/G ratio of 5.64 and a beta of 0.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.68. Noodles & Co has a 1-year low of $6.25 and a 1-year high of $13.50.
Several analysts have recently commented on NDLS shares. Royal Bank of Canada upgraded shares of Noodles & Co from a “sector perform” rating to an “outperform” rating and set a $8.50 target price for the company in a research note on Monday, December 3rd. They noted that the move was a valuation call. Jefferies Financial Group upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, February 22nd. BidaskClub downgraded shares of Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Zacks Investment Research upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Wednesday, January 9th. Finally, ValuEngine downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.75.
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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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