Noodles & Company (NASDAQ:NDLS) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Noodles & Company (NASDAQ:NDLS) announced 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. Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 86.34%. The firm had revenue of $122.75 million for the quarter, compared to analysts’ expectations of $125.43 million. During the same quarter last year, the business earned $0.04 earnings per share. Noodles & Company updated its FY 2024 guidance to EPS.

Noodles & Company Stock Performance

NASDAQ NDLS traded down $0.01 during trading hours on Friday, hitting $1.01. The company 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 company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32. The company has a market cap of $45.87 million, a PE ratio of -1.38 and a beta of 1.73. The business has a 50 day moving average of $1.21 and a 200-day moving average of $1.57.

Analyst Upgrades and Downgrades

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

Noodles & Company Company Profile

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.