Noodles & Company Class A | NDLS

Daily Technical Analysis of Noodles & Company Class A

Noodles & Company had a rough day and is now down -5.56%. Investors weren't too impressed with the future outlook for the Restaurants company which caused some selling on weak demand.

The Restaurants company isn't at an immediate support or resistance level that might be predictive. Noodles & Company hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the Restaurants company has lost -30.33 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. NDLS might find some support at the 6.83 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Noodles & Company By Price Target And Rating

Noodles & Company has an overall positive view by the analysts. The current Analysts Sentiment Score is 154.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-03-09 there was confirmation of the previous rating by Benchmark which was Buy and provided a price target of $10.00. Stephens reiterated a rating of Overweight on 2023-03-09 and they set their price target at $7.00. BMO Capital Markets provided a price target boost of 20% to $6.00 from $5.00 on 2022-11-07. Truist Financial decided to move down their price target on 2022-07-01 to $11.00 which is a -15.38% decrease. Piper Sandler downgraded from Overweight to Neutral on 2022-03-18 and decided to decrease their price target by -30% down to $7.00. Jefferies Financial Group reiterated a rating of Buy on 2021-07-13 and provided a price target of $14.00. On 2021-05-26 Sidoti started covering Noodles & Company with a rating of Buy. SunTrust Banks reiterated a rating of Buy on 2020-06-18 and they set their price target at $9.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
NDLS	154.81	169.52	-1.61	144.26	-2.55

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
NDLS	0.48	-16.45

Short interest for Noodles & Company

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
NDLS	2.88	%2	4.5	-24.882	700800

How Noodles & Company compares to the broader Consumer Cyclical sector and the more specific Restaurants industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Restaurants Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	37	-0.31	1.65	4.38	12.23	23.22	33.18	59.46	22.98	23.53	27.42	-3187.02	-17198.60	8.11	4.05	5.00	36.02
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	408	-0.09	4.48	4.55	5.80	7.09	-0.55	65.99	-4.19	1.87	-4.91	-13255.07	-9006.68	9.68	3.98	5.90	19.92

Social Sentiment for Noodles & Company

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
NDLS	8.00

Companies with the highest correlation to Noodles & Company

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
PLAY \| Dave & Buster's Entertain	1.09	-3.86	14.81	9.57	12.85	14.50	-6.55	73	-6.15	-9.55	-11.52	-557.35	-7121.35	0	7.18891
BJRI \| BJ's Restaurants, Inc.	0.84	-1.81	1.26	6.83	8.83	10.82	20.67	61	11.61	16.42	31.13	-305.36	-12154.34	0	6.67312
CHUY \| Chuy's Holdings, Inc. Com	0.8	-2.33	7.74	16.82	20.43	41.29	83.09	89	52.50	82.00	101.01	0.00	-24689.61	0	7.54072
PAR \| PAR Technology Corp.	0.75	0.05	4.83	23.85	10.51	64.32	-4.45	78	10.53	13.91	3.21	158.44	-8238.87	0	19.7256
RRGB \| Red Robin Gourmet Burgers	0.75	-2.03	3.82	2.26	17.82	81.48	38.03	47	53.44	48.57	42.77	-3093.06	-8387.30	0	6.79062
DIN \| Dine Brands Global, Inc.	0.74	-2.20	0.30	-1.85	-1.53	-6.57	-14.80	55	-54.58	-13.86	-20.21	-11101.08	-1450.23	0	5.72682
DENN \| DENNY'S CORP	0.74	-1.01	-0.93	10.68	9.24	11.10	11.10	65	13.03	15.46	15.88	171.45	-11840.41	0	4.27815
RUTH \| Ruth's Hospitality Group,	0.7	0.05	0.05	0.28	26.93	30.58	13.23	74	14.27	24.60	32.71	192.17	-222986.69	150	5.70644

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