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Stock Ratings / Consumer Discretionary / NDLS
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Noodles & Company (Class A) (NDLS) — RQD Stock Rating Cockpit

$14.90 -2.93% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $14.79

Noodles & Company (Class A) (NDLS) carries a Roarable Rating of D- (Sell) with 36/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $91.6M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on NDLS Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NDLS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Noodles & Company (Class A) (NASDAQ: NDLS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $14.90 (-2.93% 1D, market cap $91.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 14/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 3/20. Across 1009 tracked Consumer Discretionary issuers, NDLS ranks #781 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NDLS compare to BDL and MB in the Consumer Discretionary sector?
▼

Within the Consumer Discretionary sector (Restaurants), NDLS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, BDL (Flanigan's Enterprises Inc.) holds a B grade (73/100 RQD, P/E 21.4x, ROIC 8.2%, cap $111.5M) and MB (MasterBeef Group) posts a D grade (49/100 RQD, P/E N/A, ROIC —, cap $67.6M). Among the 5-stock peer group, BDL leads on earnings multiple (21.4x) while BDL leads on capital efficiency (8.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NDLS?
▼

Per NDLS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-30, CIK 0001275158), Noodles & Company (Class A) generated $495.1M in revenue (+0.4% YoY), -$42.6M in net income, and -$5.1M in free cash flow against $261.7M in total assets and $108.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $14.79 (-0.72%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (36/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-8.3% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510036
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D- · Rk D-
Cash (5)Whales (14)SEC (5)Macro (9)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-9.9% Base Target
$20 Bull$13 Base$10 Bear
📬 FREE NDLS RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NDLS)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (36/100 Composite)
🔍 WHY NDLS SCORES 36/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Whale & Options Positioning+14/20 pts (39% of score)

20D Institutional Volume Accumulation (±12.5% realized swing band)

▲ #2 Bullish Driver: Macro Regime Fit+9/20 pts (25% of score)

FRED Regime × Technicals: 73% of 52W Range • RSI-14 at 59.6 (BULLISH MOMENTUM)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
28
Grade E$14.40-4% Next Q
Q2 (-2Q)
31
Grade E$13.83-5.3% Next Q
Q3 (-1Q)
33
Grade E$13.10+13.7% Next Q
Current
36
Grade D-$14.90-8.3% Hist 90D α
Trajectory: E (28) → D- (36)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a NDLS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While NDLS currently carries a cautious 36/100 (D-) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($13.85) and Max Pain ($15.65) forces dealer call-delta covering toward $19.95.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NDLS• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “NDLS Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”
YES 36%NO 64%Trade / Inspect Odds →
RSI-14 MOMENTUMBULLISH MOMENTUM
59.630 Oversold · 70 Hot
ALTMAN-Z SHIELDDISTRESS RISK (<1.8)
0.26>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
2 / 99-Pt Accounting
52-WEEK LASER RANGE73% OF RANGE
L: $4$14.90H: $19
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 5 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: D-RQD 17 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D-RQD 14 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

3-of-3 Quant Analysts Bearish Warning on NDLS

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (25)

-35.0% ROIC with 42.0% gross margin and -5.50% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (25)

Altman-Z 0.26 and Piotroski 2/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (43)

17/40 institutional & smart-money positioning score with 9/20 macro alignment.

Bull Case: Why Buyers Like NDLS
  • ✓Established market leader in Consumer Discretionary with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NDLS)

  • ✓Walkthrough of NDLS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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NDLS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +16.22%📐 WEDGE COMPRESSION COIL
2026-11-03O $15.58H $15.58L $14.90C $14.90VOL 48.4K
RES: $15.70SUP: $11.64SMA50: $13.85SMA200: $11.39
$19.88$16.22$12.55$8.89$5.22RES $15.70SUP $11.64$14.902026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NDLS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NDLS Butterfly Map → + Track NDLS →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +0.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on NDLS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NDLS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NDLS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NDLS)

Consumer Discretionary Rank #781 of 1009 ⚔️ BDL vs NDLS Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (NDLS vs. BDL, MB, GENK, RRGB)

Industry: Restaurants (51 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, Noodles & Company (Class A) (NDLS) ranks #781 by composite RQD confidence (36/100, grade D-) and #758 by equity capitalization ($91.6M). Within this direct 5-issuer industry benchmark cohort, BDL leads on earnings valuation at 21.4x trailing P/E, while BDL leads on capital efficiency and profitability with 8.2% ROIC and — gross margin. BDL currently holds the highest overall quantitative score in the immediate peer group at 73/100 (B) compared with NDLS at 36/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
NDLS ACTIVE
Noodles & Company (Class A)
D- 36/100 — — -35.0% -2.93% $91.6M Benchmark Subject
BDL
Flanigan's Enterprises Inc.
B 73/100 21.4x — 8.2% +10.82% $111.5M /bdl-vs-ndls →
MB
MasterBeef Group
D 49/100 — — — -2.03% $67.6M /mb-vs-ndls →
GENK
GEN Restaurant Group Inc. (Class A)
E 17/100 — — -35.0% -6.71% $52.0M /genk-vs-ndls →
RRGB
Red Robin Gourmet Burgers Inc.
D+ 57/100 — — 5.7% +0.33% $172.2M /rrgb-vs-ndls →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-30 • CIK 0001275158 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-30), Noodles & Company (Class A) (NDLS) reported GAAP revenue of $495.1M (+0.4% vs. FY2024 revenue of $493.3M , and -1.7% cumulative change since FY2023) , GAAP net income of -$42.6M, operating cash flow of $7.3M, and free cash flow of -$5.1M (+75.9% YoY). On the balance sheet, NDLS closed FY2025 with $261.7M in total assets against $108.8M in total debt (Altman Z-Score: 0.26, Piotroski F-Score: 2/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-30 $495.1M -$42.6M $7.3M -$5.1M $261.7M $108.8M
FY2024 (FY) 2024-12-31 $493.3M -$36.2M $7.6M -$21.2M $324.6M $100.7M
FY2023 (FY) 2023-01-02 $503.4M -$9.9M $27.5M $27.5M — —

3. NDLS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NDLS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Noodles & Company (Class A) (NASDAQ: NDLS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $14.90 (-2.93% 1D, market cap $91.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 14/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 3/20. Across 1009 tracked Consumer Discretionary issuers, NDLS ranks #781 in composite RQD confidence.

How does NDLS compare to BDL and MB in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Restaurants), NDLS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, BDL (Flanigan's Enterprises Inc.) holds a B grade (73/100 RQD, P/E 21.4x, ROIC 8.2%, cap $111.5M) and MB (MasterBeef Group) posts a D grade (49/100 RQD, P/E N/A, ROIC —, cap $67.6M). Among the 5-stock peer group, BDL leads on earnings multiple (21.4x) while BDL leads on capital efficiency (8.2% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NDLS?

Per NDLS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-30, CIK 0001275158), Noodles & Company (Class A) generated $495.1M in revenue (+0.4% YoY), -$42.6M in net income, and -$5.1M in free cash flow against $261.7M in total assets and $108.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NDLS trading relative to its 50-day, 200-day, and 52-week technical levels?

NDLS last traded at $14.90 (-2.93% on volume of 30,243 shares), positioning the stock +7.58% above its 50-day simple moving average ($13.85) and +30.82% above its 200-day simple moving average ($11.39). Across its 52-week range of $3.57 to $19.00, NDLS sits at the 73.4% percentile with a 14-day RSI of 59.6 (BULLISH MOMENTUM) and an implied next-earnings move of ±12.5% ($13.04 to $16.76).

Direct Sub-Reports: NDLS RQD Cockpit NDLS 12M Forecast NDLS Earnings & Move NDLS Dividends & DRIP NDLS Insiders & 13F NDLS Whale Options NDLS Profit Sankey NDLS News & Why
ROARABLE RATING BRIEF • RQD 36/100 (D-) ✓ SEC XBRL & RQD VERIFIED

NDLS — Noodles & Company (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

Noodles & Company (Class A) (NDLS) earns a live Roarable RQD composite score of 36/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $14.90 (-2.93% 1D, market capitalization $91.6M).

  • Fundamental Cash Engine (5/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of —, operating margin of -6.4%, and free cash flow yield of -5.50%.
  • Whale 13F & Options Flow (14/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (5/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.26, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Noodles & Company (Class A) is a NASDAQ-listed issuer in the Consumer Discretionary sector and Restaurants industry. The profile identifies the market capitalization as $0.1B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-30), Noodles & Company (Class A) (NDLS) reported $495.1M in annual revenue (up from $493.3M in FY2024, +0.4% YoY) and -$42.6M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($503.4M revenue, -$9.9M net income) through FY2025, NDLS scaled operating cash flow to $7.3M and free cash flow to -$5.1M, backed by $261.7M in total assets against $108.8M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 36/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of -5.50% and institutional whale pillar of 14/20. With Fundamental Cash Engine at 5/20 and Institutional Whale Flow at 14/20, sustained execution supports upside toward the upper end of the $3.57 – $19.00 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -6.4% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The supply chain is NONE, with no upstream or downstream links and no proprietary signals recorded. Sector and industry are Consumer Discretionary and Restaurants.

  • Key Question #1: Can NDLS sustain or expand its -6.4% operating margin and -35.0% ROIC against Restaurants peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $495.1M and free cash flow of -$5.1M, how will capital allocation balance growth reinvestment against $108.8M in total debt?
  • Key Question #3: How sensitive is NDLS's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

NDLS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Noodles & Company (Class A) (NDLS) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NDLS Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NDLS Bull vs. Bear Conversation Board — What's Your Call at $14.90?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NDLS 🐻 33% BEARISH CONVICTION
1. Pick Your Side on NDLS:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $19.80 (+29.0%)
📌 Pinned Debate

Institutional accumulation and options positioning score 14/20 per the RQD rating, the strongest pillar, alongside a recent 7.52% price

The street is overcomplicating Noodles & Company (Class A) (NDLS). Institutional accumulation and options positioning score 14/20 per the RQD rating, the strongest pillar, alongside a recent 7.52% price gain.. With an RQD score of 36/100 (D-) and Forensic Balance Sheet at 5/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $16.58.

VolSurface_Trader 🐂 BULL

@SkepticalCFA Shorting a 14/20 institutional whale-flow stock at $15.35 is dangerous when funds are rotating into Consumer Discretionary.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $12.13 (-21.0%)
Spot @ $15.35

Per the RQD rating, Altman Z of 0.26, Piotroski F of 2/9, ROIC of -35%, and FCF yield of -5.5% indicate a distressed balance sheet and

Sitting on the sidelines or leaning short NDLS above $15.35. Per the RQD rating, Altman Z of 0.26, Piotroski F of 2/9, ROIC of -35%, and FCF yield of -5.5% indicate a distressed balance sheet and cash engine.. Until Fundamental Cash Engine (5/20) and FCF yield (-5.5%) inflect higher, upside is capped near $19.00.

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