Noodles & Company (NASDAQ:NDLS) Announces Earnings Results

Noodles & Company (NASDAQ:NDLSGet Free Report) released its earnings results on Wednesday. The restaurant operator reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05), Zacks reports. The business had revenue of $122.75 million for the quarter, compared to analyst estimates of $125.43 million. Noodles & Company had a negative return on equity of 86.34% and a negative net margin of 6.59%. During the same period in the prior year, the firm posted $0.04 EPS. Noodles & Company updated its FY 2024 guidance to EPS.

Noodles & Company Trading Down 0.5 %

NASDAQ:NDLS traded down $0.01 on Friday, reaching $1.01. The company’s stock had a trading volume of 212,201 shares, compared to its average volume of 169,105. Noodles & Company has a 1-year low of $0.99 and a 1-year high of $3.50. The business’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.57. The firm has a market cap of $45.87 million, a PE ratio of -1.38 and a beta of 1.73. The company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday. StockNews.com cut Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday.

Read Our Latest Stock Analysis on Noodles & Company

Noodles & Company Company Profile

(Get Free Report)

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.

See Also

Earnings History for Noodles & Company (NASDAQ:NDLS)

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