Noodles & Co (NASDAQ:NDLS) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.06-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $462-470 million, compared to the consensus revenue estimate of $463.69 million.
NASDAQ NDLS traded down $0.13 during trading hours on Thursday, reaching $7.38. 670,849 shares of the company’s stock were exchanged, compared to its average volume of 397,477. The firm has a market cap of $318.00 million, a PE ratio of -369.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.06. Noodles & Co has a one year low of $6.25 and a one year high of $13.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.68 and a quick ratio of 0.36.
A number of equities research analysts recently commented on NDLS shares. Jefferies Financial Group upgraded Noodles & Co from a hold rating to a buy rating and set a $11.00 price target on the stock in a research report on Friday, February 22nd. Zacks Investment Research upgraded Noodles & Co from a hold rating to a buy rating and set a $8.25 price target on the stock in a research report on Wednesday, January 9th. BidaskClub upgraded Noodles & Co from a sell rating to a hold rating in a research report on Wednesday, January 2nd. ValuEngine lowered Noodles & Co from a buy rating to a hold rating in a research report on Saturday, December 1st. Finally, Royal Bank of Canada upgraded Noodles & Co from a sector perform rating to an outperform rating and set a $8.50 price target on the stock in a research report on Monday, December 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $10.75.
An institutional investor recently raised its position in Noodles & Co stock. Geode Capital Management LLC raised its position in Noodles & Co (NASDAQ:NDLS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,158 shares of the restaurant operator’s stock after purchasing an additional 6,676 shares during the quarter. Geode Capital Management LLC owned 0.78% of Noodles & Co worth $2,391,000 at the end of the most recent reporting period. 68.46% of the stock is currently owned by institutional investors and hedge funds.
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About Noodles & Co
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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