Noble Roman's, Inc. Price & Performance (NROM)

Noble Roman's has finalized a longer-term extension for its senior lending facility with Corbel Capital Partners, now running through June 2026. The deal increases monthly principal payments and interest rates, eliminates PIK interest, and introduces new warrants, potentially leading to further share dilution if the note isn't redeemed by August 2025.12

Despite Noble Roman's recent loan extension, its stock outlook remains negative. Trading at $0.28, shares have dropped 12.5% over two weeks and are predicted to decline further. Technical indicators point to continued weakness, with analysts maintaining a 'sell' rating as refinancing efforts and new warrants pressure the stock.34

Noble Roman's continues to grow its non-traditional franchise network, especially in convenience stores, while working to refinance debt and reduce interest costs. The company posted higher franchising revenues and operating income, but faces challenges from increased debt service and potential dilution from new warrants issued in its latest loan agreement.56