Piper Jaffray Companies Analysts Lower Earnings Estimates for Noodles & Co (NDLS)

Noodles & Co (NASDAQ:NDLS) – Research analysts at Piper Jaffray Companies cut their Q2 2019 EPS estimates for shares of Noodles & Co in a note issued to investors on Thursday, March 14th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.05. Piper Jaffray Companies also issued estimates for Noodles & Co’s Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.12 EPS, Q1 2020 earnings at $0.02 EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.07 EPS and Q4 2020 earnings at $0.08 EPS.

Other equities research analysts also recently issued reports about the stock. 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. BidaskClub downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Zacks Investment Research downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Finally, 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 research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Noodles & Co has a consensus rating of “Hold” and a consensus price target of $10.50.

NDLS stock opened at $6.72 on Monday. Noodles & Co has a 12-month low of $6.10 and a 12-month 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. The company has a market cap of $279.34 million, a PE ratio of -336.00, a P/E/G ratio of 5.64 and a beta of 0.06.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Noodles & Co had a negative net margin of 1.96% and a positive return on equity of 2.23%. The company had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.76 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Noodles & Co’s revenue was up .4% on a year-over-year basis.

Several institutional investors have recently modified their holdings of NDLS. Geode Capital Management LLC grew its stake in shares of Noodles & Co by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock valued at $2,391,000 after buying an additional 6,676 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Noodles & Co by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 10,560 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Noodles & Co by 1,400.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock valued at $1,573,000 after buying an additional 210,000 shares during the period. Millennium Management LLC boosted its position in Noodles & Co by 41.6% during the 4th quarter. Millennium Management LLC now owns 219,817 shares of the restaurant operator’s stock worth $1,537,000 after purchasing an additional 64,535 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Noodles & Co by 560.3% during the 4th quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 6,667 shares during the period. Hedge funds and other institutional investors own 68.46% 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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