Noodles & Company (NASDAQ:NDLS) Announces Earnings Results

Noodles & Company (NASDAQ:NDLS) released its quarterly earnings data on Wednesday. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.05), Zacks reports. Noodles & Company had a negative return on equity of 86.34% and a negative net margin of 6.59%. The business had revenue of $122.75 million for the quarter, compared to analysts’ expectations of $125.43 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Noodles & Company updated its FY 2024 guidance to EPS.

Noodles & Company Stock Down 0.5 %

Noodles & Company stock traded down $0.01 during midday trading on Friday, hitting $1.01. 212,201 shares of the stock were exchanged, compared to its average volume of 169,105. The company has a debt-to-equity ratio of 8.79, a current ratio of 0.32 and a quick ratio of 0.17. The company has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $1.57. The firm has a market cap of $45.87 million, a P/E ratio of -1.38 and a beta of 1.73. Noodles & Company has a 1 year low of $0.99 and a 1 year high of $3.50.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com downgraded Noodles & Company from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial dropped their target price on Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday.

About Noodles & Company

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. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.