Are NDLS insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies NDLS leadership and institutional positioning as: NET EXECUTIVE TRIMMING / PROFIT-TAKING.

Stock Ratings / Consumer Discretionary / NDLS / insiders

BDL (73) MB (49) GENK (17) RRGB (57) ⌘ Pro Terminal →

Noodles & Company (Class A) (NDLS) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

$15.35 -1.48% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $15.28

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

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🤖 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?

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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 $15.35 (-1.48% 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?

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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?

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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: $15.28 (-0.46%)🧬 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-

3-of-3 JEV AI Jury 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 SNOWFLAKE RADARRw D- · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-9.9% Base Target

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: 76% 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)

Grade E$14.40-4% Next Q

Q2 (-2Q)

Grade E$13.83-5.3% Next Q

Q3 (-1Q)

Grade E$13.10+17.2% Next Q

Current

Grade D-$15.35-8.3% 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 ($16.12) 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 →

SEC FORM 4 × 13F HEDGE FUNDS × CONGRESSIONAL STOCK ACT

NDLS Smart-Money Thermometer: NET EXECUTIVE TRIMMING / PROFIT-TAKING

Explore All 13F & Congress Whales →

▲ Disclosed Buys: 0 ($0)▼ Disclosed Sales: 0 ($0)

Wide-Open SEC Form 4, 13F & Congressional Disclosure Ledger (NDLS)

No recent open-market Form 4 cluster sales or emergency dumps flagged on NDLS. Visit the Global 13F & Congressional Whale Ledger for cross-market smart-money filings.

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: +19.73%⚡ TESTING RESISTANCE

2026-11-03O $15.58H $15.58L $15.35C $15.35VOL 48.4K

RES: $15.70SUP: $11.64SMA50: $13.85SMA200: $11.39

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%	-1.48%	$91.6M	Benchmark Subject
BDL Flanigan's Enterprises Inc.	B	73/100	21.4x	—	8.2%	+3.59%	$111.5M	/bdl-vs-ndls →
MB MasterBeef Group	D	49/100	—	—	—	+3.68%	$67.6M	/mb-vs-ndls →
GENK GEN Restaurant Group Inc. (Class A)	E	17/100	—	—	-35.0%	-8.59%	$52.0M	/genk-vs-ndls →
RRGB Red Robin Gourmet Burgers Inc.	D+	57/100	—	—	5.7%	-2.36%	$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?

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

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

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

NDLS last traded at $15.35 (-1.48% on volume of 48,374 shares), positioning the stock +10.83% above its 50-day simple moving average ($13.85) and +34.77% above its 200-day simple moving average ($11.39). Across its 52-week range of $3.57 to $19.00, NDLS sits at the 76.3% percentile with a 14-day RSI of 59.6 (BULLISH MOMENTUM) and an implied next-earnings move of ±12.5% ($13.43 to $17.27).

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 $15.35 (-1.48% 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) ↓

🟡 MARKET WIRE Yahoo Finance • 22h ago

Noodles & Company to Announce Third Quarter 2026 Results on November 13, 2026

Yahoo Finance report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Noodles & Company Estimates – NASDAQ:NDLS

TradingView report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

Noodles (Nasdaq:NDLS) - Stock Analysis

Simply Wall St report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Noodles & Company makes menu change change as 40 locations close

Yahoo Finance report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Noodles & Company (NASDAQ:NDLS) Shares Break Above 50-Day Moving Average - Here's What Happened

MarketBeat report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Noodles & Company Q3 2026 Earnings Date and Estimates

MarketBeat report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Noodles & Company adds ramen to core menu

Yahoo Finance report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

What is Benchmark's Forecast for NDLS Q3 Earnings?

MarketBeat report covering Noodles & Company (Class A) (NDLS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NDLS Bull vs. Bear Conversation Board — What's Your Call at $15.35?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NDLS 🐻 33% BEARISH CONVICTION

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.