Noodles & Company (NASDAQ:NDLS – Get Rating) released its quarterly earnings results on Wednesday. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.04, MarketWatch Earnings reports. Noodles & Company had a negative net margin of 0.16% and a positive return on equity of 3.88%. During the same period last year, the company earned ($0.02) EPS.
Shares of NASDAQ:NDLS traded up $0.10 on Friday, hitting $5.57. 848,905 shares of the company were exchanged, compared to its average volume of 254,443. Noodles & Company has a 1-year low of $4.62 and a 1-year high of $13.55. The stock’s 50 day moving average price is $5.96 and its 200 day moving average price is $8.69. The company has a current ratio of 0.29, a quick ratio of 0.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $254.60 million, a P/E ratio of -278.36, a price-to-earnings-growth ratio of 2.45 and a beta of 1.51.
NDLS has been the topic of several analyst reports. Piper Sandler lowered shares of Noodles & Company from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $7.00 in a report on Friday, March 18th. Zacks Investment Research raised shares of Noodles & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 22nd. Stephens cut their price target on shares of Noodles & Company from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, February 24th. BMO Capital Markets cut their price target on shares of Noodles & Company from $13.00 to $8.00 in a report on Thursday, February 24th. Finally, StockNews.com raised shares of Noodles & Company from a “hold” rating to a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Noodles & Company presently has an average rating of “Buy” and an average price target of $11.83.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in Noodles & Company by 383.3% during the third quarter. BNP Paribas Arbitrage SA now owns 7,603 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 6,030 shares during the period. Citigroup Inc. lifted its position in Noodles & Company by 127.4% during the fourth quarter. Citigroup Inc. now owns 10,366 shares of the restaurant operator’s stock valued at $94,000 after purchasing an additional 5,808 shares during the period. Virtu Financial LLC acquired a new position in Noodles & Company during the fourth quarter valued at $131,000. Deutsche Bank AG lifted its position in Noodles & Company by 5.0% during 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 period. Finally, Royal Bank of Canada lifted its position in Noodles & Company by 1,313.7% during the third quarter. Royal Bank of Canada now owns 39,753 shares of the restaurant operator’s stock valued at $469,000 after purchasing an additional 36,941 shares during the period. Institutional investors own 92.31% 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.
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