Q3 2022 EPS Estimates for Noodles & Company (NASDAQ:NDLS) Decreased by Analyst

Noodles & Company (NASDAQ:NDLSGet Rating) – Analysts at Jefferies Financial Group dropped their Q3 2022 EPS estimates for Noodles & Company in a report issued on Thursday, April 28th. Jefferies Financial Group analyst A. Barish now forecasts that the restaurant operator will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.11.

Noodles & Company (NASDAQ:NDLSGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The restaurant operator reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Noodles & Company had a return on equity of 18.24% and a net margin of 0.77%. During the same period last year, the business posted ($0.02) EPS.

A number of other equities analysts have also commented on the company. Piper Sandler lowered Noodles & Company from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $7.00 in a research note on Friday, March 18th. Zacks Investment Research raised Noodles & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. StockNews.com raised Noodles & Company from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets reduced their price objective on Noodles & Company from $13.00 to $8.00 in a research note on Thursday, February 24th. Finally, Stephens cut their price target on Noodles & Company from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $11.83.

Shares of NDLS stock opened at $5.47 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.29 and a quick ratio of 0.17. The firm has a market cap of $250.01 million, a price-to-earnings ratio of 68.38, a P/E/G ratio of 2.40 and a beta of 1.51. The stock’s fifty day simple moving average is $6.04 and its 200 day simple moving average is $8.73. Noodles & Company has a one year low of $4.62 and a one year high of $13.55.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thompson Investment Management Inc. increased its holdings in Noodles & Company by 52.8% in the first quarter. Thompson Investment Management Inc. now owns 101,332 shares of the restaurant operator’s stock valued at $605,000 after purchasing an additional 35,000 shares during the last quarter. Barclays PLC increased its holdings in Noodles & Company by 137.5% in the fourth quarter. Barclays PLC now owns 70,059 shares of the restaurant operator’s stock valued at $635,000 after purchasing an additional 40,560 shares during the last quarter. BlackRock Inc. increased its holdings in Noodles & Company by 1.5% in the fourth quarter. BlackRock Inc. now owns 2,511,218 shares of the restaurant operator’s stock valued at $22,776,000 after purchasing an additional 36,802 shares during the last quarter. Virtu Financial LLC bought a new stake in Noodles & Company in the fourth quarter valued at about $131,000. Finally, Deutsche Bank AG increased its holdings in Noodles & Company by 5.0% in the fourth quarter. Deutsche Bank AG now owns 25,661 shares of the restaurant operator’s stock valued at $233,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.

In other news, Director Jeffrey W. Jones purchased 29,000 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were acquired at an average price of $6.90 per share, with a total value of $200,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Noodles & Company Company Profile (Get Rating)

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.

See Also

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

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