Noodles & Company (NDLS) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Noodles & Company in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NDLS shares.
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4 Wall Street analysts have issued 1-year price targets for Noodles & Company's shares. Their NDLS share price forecasts range from $5.00 to $10.00. On average, they expect the company's share price to reach $7.25 in the next year. This suggests a possible upside of 101.4% from the stock's current price.
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Noodles & Company's stock was trading at $5.49 at the start of the year. Since then, NDLS stock has decreased by 34.4% and is now trading at $3.60.
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Noodles & Company saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,140,000 shares, an increase of 18.5% from the April 30th total of 961,800 shares. Based on an average daily volume of 348,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our NDLS earnings forecast.

Noodles & Company (NASDAQ:NDLS) released its quarterly earnings data on Wednesday, March, 8th. The restaurant operator reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The restaurant operator earned $136.47 million during the quarter, compared to the consensus estimate of $135.98 million. The firm's revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share.

Noodles & Company updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of $0.10-$0.20 for the period, compared to the consensus EPS estimate of $0.16. The company issued revenue guidance of -.

249 employees have rated Noodles & Company Chief Executive Officer Dave Boennighausen on Glassdoor.com. Dave Boennighausen has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Noodles & Company investors own include Exelixis (EXEL), NVIDIA (NVDA), Netflix (NFLX), Twitter (TWTR), Tesla (TSLA), Advanced Micro Devices (AMD), FireEye (FEYE), General Electric (GE), NIKE (NKE) and AbbVie (ABBV).

Noodles & Company trades on the NASDAQ under the ticker symbol "NDLS."

Noodles & Company's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (13.58%), BlackRock Inc. (5.32%), Royce & Associates LP (3.78%), Emerald Mutual Fund Advisers Trust (2.04%), Punch & Associates Investment Management Inc. (1.98%) and Geode Capital Management LLC (1.61%). Insiders that own company stock include Corey Kline, David James Boennighausen, Holdings Ll Catterton-Noodles, Jeffrey W Jones, Kathryn Rae Lockhart, Melissa Heidman, Mill Road Capital Ii, LP, Mill Road Capital Iii, LP, Shawn A Taylor and Thomas B West.
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Shares of NDLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NDLS stock can currently be purchased for approximately $3.60.

Noodles & Company (NASDAQ:NDLS) has a market capitalization of $166.90 million and generates $509.48 million in revenue each year. The restaurant operator earns $-3,310,000.00 in net income (profit) each year or $0.00 on an earnings per share basis.

The company employs 8,100 workers across the globe.

Noodles & Company's mailing address is 520 ZANG ST. SUITE D, BROOMFIELD CO, 80021. The official website for the company is www.noodles.com. The restaurant operator can be reached via phone at (720) 214-1900 or via email at investorrelations@noodles.com.