NDLS Stock Overview
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$4.95|
|52 Week High||US$13.44|
|52 Week Low||US$4.25|
|1 Month Change||8.08%|
|3 Month Change||-2.94%|
|1 Year Change||-59.69%|
|3 Year Change||-5.71%|
|5 Year Change||3.67%|
|Change since IPO||-86.53%|
Recent News & Updates
Noodles & Company (NASDAQ:NDLS) Shares Could Be 46% Below Their Intrinsic Value Estimate
Does the September share price for Noodles & Company ( NASDAQ:NDLS ) reflect what it's really worth? Today, we will...
Noodles (NASDAQ:NDLS) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Noodles & Company GAAP EPS of $0.03 misses by $0.04, revenue of $131.1M beats by $0.19M
Noodles & Company press release (NASDAQ:NDLS): Q2 GAAP EPS of $0.03 misses by $0.04. Revenue of $131.1M (+4.4% Y/Y) beats by $0.19M. Comparable restaurant sales increased 5.1% system-wide, comprised of a 5.1% increase at company-owned restaurants and a 5.3% increase at franchise restaurants. Company Average Unit Volumes (“AUV”) of $1.42 million represented a 5.3% increase compared to the second quarter of 2021 and an 18.3% increase versus the second quarter of 2019. Adjusted EBITDA(1) was $11.2 million, a decrease of $2.6 million compared to the second quarter of 2021. Adjusted net income(1) was $2.4 million, or $0.05 per diluted share compared to adjusted net income of $6.0 million, or $0.13 per diluted share, in the second quarter of 2021.
|NDLS||US Hospitality||US Market|
Return vs Industry: NDLS underperformed the US Hospitality industry which returned -32.1% over the past year.
Return vs Market: NDLS underperformed the US Market which returned -20% over the past year.
|NDLS Average Weekly Movement||8.8%|
|Hospitality Industry Average Movement||7.3%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: NDLS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: NDLS's weekly volatility (9%) has been stable over the past year.
About the 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. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations.
Noodles Fundamentals Summary
|NDLS fundamental statistics|
Is NDLS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NDLS income statement (TTM)|
|Cost of Revenue||US$407.24m|
Last Reported Earnings
Jun 28, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.11|
|Net Profit Margin||-1.06%|
How did NDLS perform over the long term?See historical performance and comparison
Is NDLS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NDLS?
Other financial metrics that can be useful for relative valuation.
|What is NDLS's n/a Ratio?|
Price to Sales Ratio vs Peers
How does NDLS's PS Ratio compare to its peers?
|NDLS PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
NATH Nathan's Famous
LOCO El Pollo Loco Holdings
MHGU Meritage Hospitality Group
Price-To-Sales vs Peers: NDLS is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.9x).
Price to Earnings Ratio vs Industry
How does NDLS's PE Ratio compare vs other companies in the US Hospitality Industry?
Price-To-Sales vs Industry: NDLS is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Hospitality industry average (1.5x)
Price to Sales Ratio vs Fair Ratio
What is NDLS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.5x|
|Fair PS Ratio||0.9x|
Price-To-Sales vs Fair Ratio: NDLS is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).
Share Price vs Fair Value
What is the Fair Price of NDLS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NDLS ($4.95) is trading below our estimate of fair value ($9.19)
Significantly Below Fair Value: NDLS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Noodles forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NDLS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: NDLS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NDLS is expected to become profitable in the next 3 years.
Revenue vs Market: NDLS's revenue (9.9% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: NDLS's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NDLS's Return on Equity is forecast to be high in 3 years time
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How has Noodles performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NDLS is currently unprofitable.
Growing Profit Margin: NDLS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NDLS is unprofitable, but has reduced losses over the past 5 years at a rate of 60.4% per year.
Accelerating Growth: Unable to compare NDLS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NDLS is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (36.2%).
Return on Equity
High ROE: NDLS has a negative Return on Equity (-14.69%), as it is currently unprofitable.
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How is Noodles's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NDLS's short term assets ($20.5M) do not cover its short term liabilities ($70.0M).
Long Term Liabilities: NDLS's short term assets ($20.5M) do not cover its long term liabilities ($233.7M).
Debt to Equity History and Analysis
Debt Level: NDLS's net debt to equity ratio (84.1%) is considered high.
Reducing Debt: NDLS's debt to equity ratio has reduced from 137.4% to 89.3% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NDLS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NDLS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Noodles's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Noodles Dividend Yield vs Market|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Hospitality)||2.0%|
|Analyst forecast in 3 Years (Noodles)||n/a|
Notable Dividend: Unable to evaluate NDLS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NDLS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NDLS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NDLS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NDLS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Boennighausen (44 yo)
Mr. Dave Boennighausen has been the Chief Executive Officer of Noodles & Company since June 14, 2017 and as its Director since August 21, 2015. Mr. Boennighausen served as Chief Executive Officer of Noodle...
CEO Compensation Analysis
|Dave Boennighausen's Compensation vs Noodles Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 28 2022||n/a||n/a|
|Mar 29 2022||n/a||n/a|
|Dec 28 2021||US$2m||US$615k|
|Sep 28 2021||n/a||n/a|
|Jun 29 2021||n/a||n/a|
|Mar 30 2021||n/a||n/a|
|Dec 29 2020||US$2m||US$565k|
|Sep 29 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$2m||US$549k|
|Oct 01 2019||n/a||n/a|
|Jul 02 2019||n/a||n/a|
|Apr 02 2019||n/a||n/a|
|Jan 01 2019||n/a||n/a|
|Oct 02 2018||n/a||n/a|
|Jul 03 2018||n/a||n/a|
|Apr 03 2018||n/a||n/a|
|Jan 02 2018||n/a||n/a|
|Oct 03 2017||n/a||n/a|
|Jul 04 2017||n/a||n/a|
|Apr 04 2017||n/a||n/a|
|Jan 03 2017||US$727k||US$388k|
|Sep 27 2016||n/a||n/a|
|Jun 28 2016||n/a||n/a|
|Mar 29 2016||n/a||n/a|
|Dec 29 2015||US$624k||US$333k|
Compensation vs Market: Dave's total compensation ($USD2.41M) is above average for companies of similar size in the US market ($USD1.74M).
Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.
Experienced Management: NDLS's management team is considered experienced (2.5 years average tenure).
Experienced Board: NDLS's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|26 Sep 22||BuyUS$338,072||Mill Road Capital Management LLC||Company||74,121||US$4.60|
|06 Sep 22||BuyUS$1,064,626||Mill Road Capital Management LLC||Company||232,881||US$4.61|
|27 Jul 22||BuyUS$511,458||Mill Road Capital Management LLC||Company||113,371||US$4.59|
|14 Jul 22||BuyUS$680,148||Mill Road Capital Management LLC||Company||145,656||US$4.67|
|05 Jul 22||BuyUS$1,425,626||Mill Road Capital Management LLC||Company||304,719||US$4.78|
|11 Mar 22||BuyUS$9,255||Thomas West||Individual||1,500||US$6.17|
|08 Mar 22||BuyUS$17,357||Thomas West||Individual||3,000||US$5.79|
|03 Mar 22||BuyUS$50,071||Dave Boennighausen||Individual||7,485||US$6.69|
|02 Mar 22||BuyUS$10,063||Shawn Taylor||Individual||1,511||US$6.66|
|28 Feb 22||BuyUS$199,981||Jeffrey Jones||Individual||29,000||US$6.90|
|03 Dec 21||BuyUS$9,354||Shawn Taylor||Individual||890||US$10.51|
|04 Nov 21||BuyUS$9,836||Shawn Taylor||Individual||830||US$11.85|
|15 Oct 21||SellUS$668,274||Mill Road Capital Management LLC||Company||50,909||US$13.30|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Noodles & Company's employee growth, exchange listings and data sources
- Name: Noodles & Company
- Ticker: NDLS
- Exchange: NasdaqGS
- Founded: 1995
- Industry: Restaurants
- Sector: Consumer Services
- Implied Market Cap: US$226.221m
- Shares outstanding: 45.70m
- Website: https://www.noodles.com
Number of Employees
- Noodles & Company
- 520 Zang Street
- Suite D
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NDLS||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Jun 2013|
|NO3||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Jun 2013|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/10/04 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.