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.
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
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Composite analyst sentiment score
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Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
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NDLS | 154.81 | 169.52 | -1.61 | 144.26 | -2.55 |
Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
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NDLS | 0.48 | -16.45 |
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)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
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Short Interest | Days to Cover | Rate of Change | Shares Short |
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NDLS | 2.88 | %2 | 4.5 | -24.882 | 700800 |
Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Restaurants | 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 | 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 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) |
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NDLS | 8.00 |
Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
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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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 0 | 5.70644 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.