NOODLES & Co (NDLS) shareholders
NDLSNasdaqRetail-Eating PlacesFiscal year ends December 29
$12.15−1.60 (-11.64%)
Close on Nov 13, 2026Market cap $72.49MP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
47.9%
3M of 6M shares
Institutional holders
38
8 new, 2 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| David E. Park III Joint filing with Headlands Strategic Opportunities Fund, LP (9.50%), Headlands Capital Management, LLC (9.50%) and 1 more | 4,296,576 | 9.50% | 13D (active) amendment | Jun 28, 2024 |
| James M. Hoak Jr. Joint filing with J. Hale Hoak (8.05%), Hoak Public Equities, L.P. (7.17%) and 2 more | 3,900,000 | 8.60% | 13D (active) amendment | Jun 6, 2024 |
| Galloway Capital, LP Joint filing with Galloway Capital Partners, LLC (6.01%), Galloway Bruce (6.01%) | 2,809,600 | 6.01% | 13D (active) amendment | Dec 1, 2025 |
| Daniel Mack Joint filing with Nantahala Capital Management, LLC (9.46%), Wilmot B. Harkey (9.46%) | 553,746 | 9.46% | 13G (passive) amendment | Mar 31, 2026 |
| Galloway Capital Partners, LLC Joint filing with Galloway Capital, LP (8.78%), Galloway Bruce (8.78%) | 512,800 | 8.78% | 13D (active) | Feb 23, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NDLS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Nantahala Capital Management, LLC | 1,107,492 | 18.56% | $16.56M | +553,746 | 0.28% |
| Mill Road Capital Management LLC | 870,660 | 14.59% | $13.02M | – | 6.43% |
| Vanguard Capital Management LLC | 218,589 | 3.66% | $3.27M | −12,138 | 0.00% |
| Assenagon Asset Management S.A. | 110,382 | 1.85% | $1.65M | New | 0.00% |
| Jane Street Group, LLC | 91,296 | 1.53% | $1.36M | +29,576 | 0.00% |
| BlackRock, Inc. | 75,595 | 1.27% | $1.13M | +13,337 | 0.00% |
| Citadel Advisors LLC | 62,397 | 1.05% | $932.84K | +42,225 | 0.00% |
| Goldman Sachs Group Inc | 55,949 | 0.94% | $836.44K | New | 0.00% |
| Geode Capital Management, LLC | 50,145 | 0.84% | $749.87K | −4,670 | 0.00% |
| Renaissance Technologies LLC | 35,480 | 0.59% | $530.43K | +22,134 | 0.00% |
| Vanguard Fiduciary Trust Co | 28,805 | 0.48% | $430.64K | +3,681 | 0.00% |
| Centiva Capital, LP | 27,297 | 0.46% | $408.09K | +2,374 | 0.00% |
| State Street Corp | 22,743 | 0.38% | $340.01K | – | 0.00% |
| Quadrature Capital Ltd | 19,889 | 0.33% | $297.34K | +2,006 | 0.00% |
| Two Sigma Investments, LP | 17,984 | 0.30% | $268.86K | New | 0.00% |
| Quinn Opportunity Partners LLC | 15,125 | 0.25% | $226.12K | +5,000 | 0.01% |
| XTX Topco Ltd | 12,043 | 0.20% | $180.04K | New | 0.00% |
| Virtu Financial LLC | 11,442 | 0.19% | $171.00K | New | 0.01% |
| Northern Trust Corp | 10,267 | 0.17% | $153.49K | New | 0.00% |
| Barclays PLC | 7,296 | 0.12% | $109.08K | +25 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 38 | 3M | 47.9% | 8 / 14 | 8 / 2 | 1M | 0M |
| Q1 2026 | 32 | 2M | 33.5% | 8 / 10 | 11 / 18 | 0M | 0M |
| Q4 2025 | 43 | 2M | 33.1% | 9 / 11 | 9 / 7 | 0M | 0M |
| Q3 2025 | 41 | 2M | 36.4% | 3 / 6 | 16 / 6 | 0M | 0M |
| Q2 2025 | 44 | 2M | 37.6% | 5 / 9 | 13 / 8 | 0M | 0M |
| Q1 2025 | 47 | 2M | 41.1% | 7 / 7 | 12 / 7 | 0M | 0M |
| Q4 2024 | 47 | 2M | 41.2% | 3 / 7 | 20 / 10 | 0M | 0M |
| Q3 2024 | 56 | 3M | 45.1% | 4 / 8 | 21 / 23 | 0M | 1M |
| Q2 2024 | 76 | 3M | 58.5% | 23 / 13 | 28 / 25 | 1M | 1M |
| Q1 2024 | 78 | 4M | 59.7% | 12 / 13 | 36 / 15 | 0M | 1M |
| Q4 2023 | 82 | 4M | 70.2% | 15 / 25 | 26 / 7 | 1M | 0M |
| Q3 2023 | 75 | 4M | 62.5% | 9 / 27 | 25 / 30 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
12 funds held NDLS in Q2 2026, 80% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of NDLS | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 164,027 | 2.75% | $2.45M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 48,798 | 0.82% | $729.53K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 23,429 | 0.39% | $295.21K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 12,518 | 0.21% | $187.14K | 0.01% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 7,806 | 0.13% | $98.36K | 0.00% | May 31, 2026 |
| Ultra-Small Company Market Fund | 7,044 | 0.12% | $105.31K | 0.07% | Jun 30, 2026 |
| Fidelity Series Total Market Index Fund | 6,539 | 0.11% | $82.39K | 0.00% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 4,393 | 0.07% | $55.35K | 0.00% | May 31, 2026 |
| Vanguard Institutional Total Stock Market Index Fund | 3,504 | 0.06% | $52.38K | 0.00% | Jun 30, 2026 |
| Vanguard Balanced Index Fund | 2,395 | 0.04% | $35.81K | 0.00% | Jun 30, 2026 |
| 1290 VT Micro Cap Portfolio | 819 | 0.01% | $12.24K | 0.01% | Jun 30, 2026 |
| Knights of Columbus U.S. ALL CAP INDEX FUND | 30 | 0.00% | $552 | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Joseph Christina | CEO and President, Director | 80,223 | 1.34% | Sep 1, 2026 |
| Michael Hynes | Chief Financial Officer | 32,721 | 0.55% | Jul 27, 2026 |
| Corey Kline | EVP - Technology | 10,120 | 0.17% | May 19, 2026 |
| Kathryn Rae Lockhart | Chief Accounting Officer | 13,623 | 0.23% | May 19, 2026 |
| Scott Gregory Davis | Chief Concept Officer | 118,595 | 1.99% | May 19, 2025 |
| Thomas B. West | Chief Operating Officer | 188,959 | 3.17% | May 19, 2025 |
| Shawn A. Taylor | Director | 22,238 | 0.37% | May 19, 2026 |
| Britain Peakes | Director | 14,743 | 0.25% | May 19, 2026 |
| Andrew H. Madsen | Director | 37,526 | 0.63% | May 19, 2026 |
| Thomas E. Lynch | Director, 10% owner | 7,044,273 | 118.06% | May 19, 2026 |
| Jeffrey W. Jones | Director | 40,706 | 0.68% | May 19, 2026 |
| Elisa Schreiber | Director | 22,184 | 0.37% | May 19, 2026 |
| Mary Egan | Director | 132,439 | 2.22% | Jun 3, 2025 |
| Robert M. Hartnett | Director | 220,085 | 3.69% | May 19, 2025 |
| Road Capital III GP LLC Mill | 10% owner | 6,769,191 | 113.45% | May 19, 2026 |
| Mill Road Capital III, L.P. | 10% owner | 7,080,273 | 118.66% | May 19, 2026 |
| Mill Road Capital II, L.P. | 10% owner | 2,318,098 | 38.85% | May 19, 2026 |
| Road Capital II GP LLC Mill | 10% owner | 892,136 | 14.95% | May 19, 2026 |
| Stephen B. Kennedy | – | 74,000 | 1.24% | May 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Joseph Christina CEO and President, Director | Aug 31, 2026 | Tax withholding | −1,903 | $14.36 | $27.33K | 80,223 |
| Michael Hynes Chief Financial Officer | Jul 24, 2026 | Tax withholding | −544 | $15.36 | $8.36K | 32,721 |
| Jeffrey W. Jones Director | May 15, 2026 | Award | +10,655 | – | – | 40,706 |
| Elisa Schreiber Director | May 15, 2026 | Award | +7,103 | – | – | 22,184 |
| Andrew H. Madsen Director | May 15, 2026 | Award | +7,103 | – | – | 37,526 |
| Michael Hynes Chief Financial Officer | May 15, 2026 | Award | +12,628 | – | – | 33,265 |
| Michael Hynes Chief Financial Officer | May 15, 2026 | Tax withholding | −853 | $12.59 | $10.74K | 20,637 |
| Corey Kline EVP - Technology | May 15, 2026 | Tax withholding | −416 | $12.59 | $5.24K | 10,120 |
| Corey Kline EVP - Technology | May 15, 2026 | Award | +4,735 | – | – | 14,855 |
| Road Capital II GP LLC Mill 10% owner | May 15, 2026 | Other | +7,103 | – | – | 21,476 |
| Shawn A. Taylor Director | May 15, 2026 | Award | +7,103 | – | – | 22,238 |
| Kathryn Rae Lockhart Chief Accounting Officer | May 15, 2026 | Award | +4,735 | – | – | 13,423 |
| Kathryn Rae Lockhart Chief Accounting Officer | May 15, 2026 | Tax withholding | −416 | $12.59 | $5.24K | 8,688 |
| Joseph Christina CEO and President, Director | May 15, 2026 | Award | +32,359 | – | – | 82,126 |
| Britain Peakes Director | May 15, 2026 | Award | +7,103 | – | – | 14,743 |
| Corey Kline EVP - Technology | Mar 14, 2026 | Tax withholding | −192 | $6.11 | $1.17K | 10,536 |
| Kathryn Rae Lockhart Chief Accounting Officer | Mar 14, 2026 | Tax withholding | −192 | $6.11 | $1.17K | 9,104 |
| Andrew H. Madsen Director | Mar 6, 2026 | Tax withholding | −2,111 | $5.99 | $12.64K | 30,423 |
| Joseph Christina CEO and President, Director | Feb 24, 2026 | Tax withholding | −1,483 | $5.34 | $7.92K | 49,767 |
| Joseph Christina CEO and President, Director | Aug 31, 2025 | Award | +250,000 | – | – | 410,000 |
| Michael Hynes Chief Financial Officer | Jul 24, 2025 | Tax withholding | −4,323 | $0.95 | $4.11K | 171,917 |
| Mary Egan Director | May 15, 2025 | Award | +36,000 | – | – | 132,439 |
| Robert M. Hartnett Director | May 15, 2025 | Award | +36,000 | – | – | 220,085 |
| Michael Hynes Chief Financial Officer | May 15, 2025 | Award | +64,000 | – | – | 176,240 |
| Michael Hynes Chief Financial Officer | May 15, 2025 | Tax withholding | −2,908 | $0.86 | $2.50K | 112,240 |
| Stephen B. Kennedy – | May 15, 2025 | Award | +24,000 | – | – | 74,000 |
| Scott Gregory Davis Chief Concept Officer | May 15, 2025 | Award | +24,000 | – | – | 118,595 |
| Shawn A. Taylor Director | May 15, 2025 | Award | +36,000 | – | – | 121,078 |
| Mill Road Capital III, L.P. 10% owner | May 15, 2025 | Other | +36,000 | – | – | 114,982 |
| Britain Peakes Director | May 15, 2025 | Award | +36,000 | – | – | 61,113 |
| Andrew H. Madsen Chief Executive Officer, Director | May 15, 2025 | Award | +166,500 | – | – | 493,167 |
| Kathryn Rae Lockhart Chief Accounting Officer | May 15, 2025 | Tax withholding | −1,278 | $0.86 | $1.10K | 50,366 |
| Kathryn Rae Lockhart Chief Accounting Officer | May 15, 2025 | Award | +24,000 | – | – | 74,366 |
| Corey Kline EVP - Technology | May 15, 2025 | Award | +24,000 | – | – | 85,826 |
| Corey Kline EVP - Technology | May 15, 2025 | Tax withholding | −1,278 | $0.86 | $1.10K | 61,826 |
| Elisa Schreiber Director | May 15, 2025 | Award | +36,000 | – | – | 120,647 |
| Jeffrey W. Jones Director | May 15, 2025 | Award | +54,000 | – | – | 240,407 |
| Thomas B. West Chief Operating Officer | May 15, 2025 | Tax withholding | −3,297 | $0.86 | $2.84K | 188,959 |
| Kathryn Rae Lockhart Chief Accounting Officer | Mar 14, 2025 | Tax withholding | −1,883 | $1.11 | $2.09K | 51,644 |
| Thomas B. West Chief Operating Officer | Mar 14, 2025 | Tax withholding | −5,791 | $1.11 | $6.43K | 192,256 |
| Corey Kline EVP - Technology | Mar 14, 2025 | Tax withholding | −1,883 | $1.11 | $2.09K | 63,104 |
| Joseph Christina President and COO | Mar 10, 2025 | Award | +160,000 | – | – | 160,000 |
| Andrew H. Madsen Chief Executive Officer, Director | Mar 6, 2025 | Tax withholding | −16,888 | $1.25 | $21.11K | 326,667 |
| Stephen B. Kennedy – | Nov 18, 2024 | Award | +50,000 | – | – | 50,000 |
| Scott Gregory Davis Chief Concept Officer | Aug 14, 2024 | Award | +94,595 | – | – | 94,595 |
| Michael Hynes Chief Financial Officer | Jul 24, 2024 | Tax withholding | −4,328 | $1.66 | $7.18K | 115,148 |
| Britain Peakes Director | Jun 10, 2024 | Award | +24,774 | – | – | 25,113 |
| Robert M. Hartnett Director | May 15, 2024 | Award | +27,027 | – | – | 184,085 |
| Michael Hynes Chief Financial Officer | May 15, 2024 | Award | +48,048 | – | – | 119,476 |
| Corey Kline EVP - Technology | May 15, 2024 | Award | +15,015 | – | – | 64,987 |
| Thomas B. West Chief Operating Officer | May 15, 2024 | Award | +48,048 | – | – | 198,047 |
| Elisa Schreiber Director | May 15, 2024 | Award | +27,027 | – | – | 84,647 |
| Shawn A. Taylor Director | May 15, 2024 | Award | +27,027 | – | – | 85,078 |
| Kathryn Rae Lockhart Chief Accounting Officer | May 15, 2024 | Award | +15,015 | – | – | 53,527 |
| Mary Egan Director | May 15, 2024 | Award | +27,027 | – | – | 96,439 |
| Melissa Heidman EVP & General Counsel | May 15, 2024 | Award | +42,042 | – | – | 153,892 |
| Jeffrey W. Jones Director | May 15, 2024 | Award | +40,540 | – | – | 186,407 |
| Thomas E. Lynch Director, 10% owner | May 15, 2024 | Other | +27,027 | – | – | 78,982 |
| Sue Petersen EVP-Inclusion, Divers, People | Mar 14, 2024 | Award | +1,915 | – | – | 52,398 |
| Sue Petersen EVP-Inclusion, Divers, People | Mar 14, 2024 | Tax withholding | −2,936 | $1.80 | $5.28K | 50,483 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
3.25%
0M shares short
Days to cover
3.6
At 0M shares a day
Change since last report
+40.0%
From 0M shares
Short volume, 20 days
42.9%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Noodles's stock actually held short. Settlement fails (shares not delivered on time) peaked at 852 shares on Sep 4, 2026 over the last 90 days.
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