A number of other brokerages have also recently issued reports on NDLS. Zacks Investment Research upgraded Noodles & Co from a hold rating to a buy rating and set a $8.25 price objective for the company in a report on Wednesday, January 9th. Jefferies Financial Group upgraded Noodles & Co from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Friday, February 22nd. Finally, SunTrust Banks cut their target price on Noodles & Co to $13.00 and set a buy rating for the company in a research note on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $10.50.
NASDAQ:NDLS opened at $6.85 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.70. The firm has a market capitalization of $300.94 million, a PE ratio of 342.50, a P/E/G ratio of 6.71 and a beta of 0.04. Noodles & Co has a 12-month low of $5.85 and a 12-month high of $13.50.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.76 million. Noodles & Co had a negative net margin of 1.84% and a positive return on equity of 2.44%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. Analysts forecast that Noodles & Co will post 0.12 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. SG Capital Management LLC boosted its holdings in Noodles & Co by 224.3% in the 4th quarter. SG Capital Management LLC now owns 1,030,686 shares of the restaurant operator’s stock valued at $7,204,000 after purchasing an additional 712,827 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Noodles & Co in the fourth quarter valued at about $91,000. Salem Investment Counselors Inc. increased its position in shares of Noodles & Co by 1,400.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock valued at $1,573,000 after acquiring an additional 210,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of Noodles & Co by 858.6% during the third quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock valued at $3,090,000 after buying an additional 228,781 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Noodles & Co by 39.9% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 930,759 shares of the restaurant operator’s stock valued at $6,506,000 after buying an additional 265,537 shares during the period. Institutional investors and hedge funds own 68.14% 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, 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.
Further Reading: Systematic Risk and Investors
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