Noodles & Co (NDLS) to Post Q1 2017 Earnings of ($0.09) Per Share, Jefferies Group Forecasts

Noodles & Co (NASDAQ:NDLS) – Analysts at Jefferies Group dropped their Q1 2017 earnings per share estimates for Noodles & Co in a report released on Monday, Zacks Investment Research reports. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.05). Jefferies Group currently has a “Hold” rating and a $5.50 target price on the stock. Jefferies Group also issued estimates for Noodles & Co’s Q2 2017 earnings at $0.04 EPS, Q3 2017 earnings at $0.03 EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.08 EPS.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings data on Tuesday, May 9th. The restaurant operator reported ($0.08) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.08). The firm had revenue of $116.72 million during the quarter, compared to analysts’ expectations of $115.34 million. Noodles & Co had a negative return on equity of 4.46% and a negative net margin of 6.43%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS.

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

Other equities analysts also recently issued research reports about the stock. Wedbush restated a “hold” rating and issued a $5.50 price objective on shares of Noodles & Co in a research note on Wednesday, May 10th. Zacks Investment Research downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. BMO Capital Markets set a $4.00 target price on shares of Noodles & Co and gave the company a “hold” rating in a report on Saturday, March 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $5.00 target price on shares of Noodles & Co in a report on Monday, March 6th. Finally, ValuEngine cut shares of Noodles & Co from a “sell” rating to a “strong sell” rating in a report on Thursday, May 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.39.

Shares of Noodles & Co (NASDAQ:NDLS) traded up 4.40% during trading on Wednesday, reaching $4.75. The company had a trading volume of 76,484 shares. The firm has a 50-day moving average of $5.52 and a 200 day moving average of $4.60. Noodles & Co has a 1-year low of $3.16 and a 1-year high of $10.47. The firm’s market capitalization is $194.81 million.

Several hedge funds have recently added to or reduced their stakes in NDLS. Russell Investments Group Ltd. acquired a new stake in Noodles & Co during the fourth quarter valued at approximately $2,018,000. Netols Asset Management Inc. raised its stake in Noodles & Co by 67.8% in the fourth quarter. Netols Asset Management Inc. now owns 854,438 shares of the restaurant operator’s stock valued at $3,503,000 after buying an additional 345,088 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in Noodles & Co during the fourth quarter valued at approximately $244,000. FMR LLC raised its stake in Noodles & Co by 0.5% in the fourth quarter. FMR LLC now owns 3,951,069 shares of the restaurant operator’s stock valued at $16,199,000 after buying an additional 20,700 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Noodles & Co by 132.5% in the fourth quarter. Renaissance Technologies LLC now owns 395,800 shares of the restaurant operator’s stock valued at $1,623,000 after buying an additional 225,600 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

About Noodles & Co

Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

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