Noodles & Co (NASDAQ:NDLS) – Analysts at SunTrust Banks increased their Q2 2020 earnings per share estimates for Noodles & Co in a research note issued to investors on Friday, November 22nd, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $0.08 per share for the quarter, up from their previous estimate of $0.07. SunTrust Banks has a “Buy” rating and a $12.00 price objective on the stock.
Several other equities analysts also recently commented on NDLS. BidaskClub raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research note on Sunday, September 1st. Zacks Investment Research raised shares of Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $10.25.
Shares of NASDAQ:NDLS opened at $6.30 on Monday. The company has a market cap of $277.97 million, a price-to-earnings ratio of 52.50 and a beta of 0.24. The company has a debt-to-equity ratio of 5.31, a current ratio of 0.39 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $6.52. Noodles & Co has a one year low of $4.45 and a one year high of $9.36.
Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $118.30 million for the quarter, compared to analyst estimates of $120.70 million. Noodles & Co had a net margin of 0.62% and a return on equity of 11.38%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goodwin Daniel L grew its holdings in Noodles & Co by 105.5% in the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock worth $5,851,000 after purchasing an additional 381,100 shares during the period. Swiss National Bank grew its holdings in Noodles & Co by 40.4% in the second quarter. Swiss National Bank now owns 49,000 shares of the restaurant operator’s stock worth $386,000 after purchasing an additional 14,100 shares during the period. Wells Fargo & Company MN grew its holdings in Noodles & Co by 22.0% in the second quarter. Wells Fargo & Company MN now owns 246,392 shares of the restaurant operator’s stock worth $1,942,000 after purchasing an additional 44,488 shares during the period. JPMorgan Chase & Co. grew its holdings in Noodles & Co by 1,767.4% in the second quarter. JPMorgan Chase & Co. now owns 113,295 shares of the restaurant operator’s stock worth $847,000 after purchasing an additional 107,228 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in Noodles & Co in the second quarter worth $2,789,000. 76.75% of the stock is owned by institutional investors and hedge funds.
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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.