Noodles & Company (NASDAQ: NDLS) stock jumped 0.38% on Friday to $2.62 against a previous-day closing price of $2.61. With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.6500 whereas the lowest price it dropped to was $2.5550. The 52-week range on NDLS shows that it touched its highest point at $6.55 and its lowest point at $2.59 during that stretch. It currently has a 1-year price target of $5.12. Beta for the stock currently stands at 1.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NDLS was down-trending over the past week, with a drop of -5.07%, but this was down by -8.07% over a month. Three-month performance dropped to -21.32% while six-month performance fell -45.19%. The stock lost -46.31% in the past year, while it has lost -52.28% so far this year. A look at the trailing 12-month EPS for NDLS yields -0.06 with Next year EPS estimates of 0.07. For the next quarter, that number is -0.01. This implies an EPS growth rate of -190.70% for this year and 187.50% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 38.80%.
Float and Shares Shorts:
At present, 46.36 million NDLS shares are outstanding with a float of 32.98 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.21 million, which was 2.61% higher than short shares on Jul 30, 2023. In addition to Mr. Dave Boennighausen as the firm’s CEO & Director, Mr. Thomas Brad West serves as its Chief Operating Officer.
Institutional Ownership:
Through their ownership of 89.10% of NDLS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.27% of NDLS, in contrast to 29.92% held by mutual funds. Shares owned by individuals account for 29.75%. As the largest shareholder in NDLS with 6.20% of the stake, Fidelity Management & Research Co holds 2,877,387 shares worth 2,877,387. A second-largest stockholder of NDLS, BlackRock Fund Advisors, holds 2,392,590 shares, controlling over 5.15% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NDLS, holding 2,168,404 shares or 4.67% stake. With a 3.63% stake in NDLS, the Fidelity VIP – Mid Cap Portfolio is the largest stakeholder. A total of 1,686,160 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.36% of NDLS stock, is the second-largest Mutual Fund holder. It holds 1,557,750 shares valued at 4.33 million. Royce Small-Cap Opportunity Fund holds 2.58% of the stake in NDLS, owning 1,198,254 shares worth 3.33 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 03, 2023, NDLS reported revenue of $131.07M and operating income of $3.85M. The EBITDA in the recently reported quarter was $9.61M and diluted EPS was $0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NDLS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NDLS analysts setting a high price target of $5.50 and a low target of $5.00, the average target price over the next 12 months is $5.13. Based on these targets, NDLS could surge 109.92% to reach the target high and rise by 90.84% to reach the target low. Reaching the average price target will result in a growth of 95.8% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded NDLS stock several times over the past three months with 3 Buys and 6 Sells. In these transactions, 87,528 shares were bought while 4,985 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 1,356,055 while 108,562 shares were sold.
