NOODLES & CO
COM CL A · CUSIP 65540B105
77
institutional holders
-2 vs Q1 2024
27.9m
shares reported held*
$44.1mreported value*
21 new
13 added
28 reduced
25 sold out
net sold ≈ $1.0m (-639.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.58. Options: 3 managers hold calls ($22.5k notional), 2 hold puts ($948).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 103 |
| Q4 2022 | 103 |
| Q1 2023 | 108 |
| Q2 2023 | 97 |
| Q3 2023 | 76 |
| Q4 2023 | 83 |
| Q1 2024 | 79 |
| Q2 2024 | 77 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 49 | 39 |
| Q1 2023 | 58 | 38 |
| Q2 2023 | 49 | 52 |
| Q3 2023 | 36 | 55 |
| Q4 2023 | 38 | 33 |
| Q1 2024 | 25 | 51 |
| Q2 2024 | 34 | 53 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $135.4k | $347.6k | 2.57 |
| Q4 2023 | $272.3k | $233.1k | 0.86 |
| Q1 2024 | $764 | $64.7k | 84.75 |
| Q2 2024 | $22.5k | $948 | 0.04 |
Biggest buyers
| Nantahala Capital Management, LLC | Added | +4.6m |
| MILLENNIUM MANAGEMENT LLC | New | +453.6k |
| Alpine Global Management, LLC | New | +141.4k |
| JANE STREET GROUP, LLC | Added | +122.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +97.0k |
| ROYCE & ASSOCIATES LP | Added | +94.2k |
| GOLDMAN SACHS GROUP INC | Added | +78.7k |
| Point72 Asia (Singapore) Pte. Ltd. | New | +62.8k |
| Centiva Capital, LP | New | +52.6k |
| Qube Research & Technologies Ltd | New | +41.4k |
Biggest sellers
| BlackRock Inc. | Reduced | -2.0m |
| Invenomic Capital Management LP | Sold out | -703.0k |
| STATE STREET CORP | Reduced | -540.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -410.7k |
| MORGAN STANLEY | Reduced | -404.2k |
| Nuveen Asset Management, LLC | Sold out | -295.9k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Sold out | -290.6k |
| VANGUARD GROUP INC | Reduced | -248.3k |
| KENNEDY CAPITAL MANAGEMENT LLC | Reduced | -183.4k |
| GSA CAPITAL PARTNERS LLP | Reduced | -181.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $18.5k11.7k shares |
| SIMPLEX TRADING, LLC | New | $4.0k2.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $948600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Nantahala Capital Management, LLC 13G · institution filed 2024-11-14 | 9.9% |
Galloway Capital Partners, LLC
13D · may seek influence
+2.8 pts · filed 2026-02-24
Stated purposeEach Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intend to review its investment in the Issuer on a continuing basis. Each Reporting Person may from time to time acquire additional securities of the Issuer or retain or sell all or a portion of the shares then held by such Reporting Person, in the open market, block trades, underwritten public offerings or privately negotiated transactions. Any actions any Reporting Person might undertake with respect to its investment in the Issuer may be made at any time and from time to time and will be dependent upon such Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strateg… Full filing |
8.8% |
Fell to 5% or below in the last year: Diveroli Investment Group LLC (1.3%, 2025-12-03)
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Nantahala Capital Management, LLC 0.69% of their portfolio | 8.6m $13.6m | Added +4.6m |
| Mill Road Capital Management LLC 5.86% of their portfolio | 7.0m $11.0m | Unchanged |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 2.5m $4.0m | Added +94.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.2m $3.4m | Reduced -248.3k |
| FMR LLC 0.00% of their portfolio | 1.9m $3.0m | Added +10.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 648.3k $1.0m | Reduced -20.9k |
| BlackRock Inc. 0.00% of their portfolio | 601.2k $949.9k | Reduced -2.0m |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 496.8k $785.0k | Reduced -137.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 453.6k $716.6k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 382.5k $604.6k | Reduced -410.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 269.6k $426.0k | Reduced -43.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 260.1k $410.9k | Added +78.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 202.2k $319.4k | Reduced -183.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 174.9k $276.3k | Added +122.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 170.1k $270.4k | Reduced -108.3k |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.04% of their portfolio | 155.5k $245.7k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 145.5k $229.9k | Reduced -134.1k |
| Alpine Global Management, LLC 0.04% of their portfolio | 141.4k $223.4k | New |
| STATE STREET CORP 0.00% of their portfolio | 138.8k $219.2k | Reduced -540.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 134.6k $212.7k | Added +97.0k |
| MORGAN STANLEY 0.00% of their portfolio | 127.4k $201.2k | Reduced -404.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 106.8k $169.0k | Added +992 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 90.5k $143.0k | Reduced -30.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 81.7k $129.0k | Reduced -62.2k |
| Creative Planning 0.00% of their portfolio | 72.1k $114.0k | Unchanged |
| Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio | 62.8k $99.2k | New |
| BARCLAYS PLC 0.00% of their portfolio | 59.1k $93.5k | Reduced -26.9k |
| Centiva Capital, LP 0.00% of their portfolio | 52.6k $83.0k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 41.4k $65.4k | New |
| LPL Financial LLC 0.00% of their portfolio | 39.4k $62.2k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 37.7k $59.6k | Reduced -3.9k |
| Crescent Grove Advisors, LLC 0.01% of their portfolio | 35.1k $55.4k | Unchanged |
| Quinn Opportunity Partners LLC 0.01% of their portfolio | 35.0k $55.3k | Added +20.0k |
| GSA CAPITAL PARTNERS LLP 0.00% of their portfolio | 34.6k $55.0k | Reduced -181.5k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 34.4k $54.3k | New |
| Y-Intercept (Hong Kong) Ltd 0.00% of their portfolio | 33.8k $53.5k | New |
| STONERIDGE INVESTMENT PARTNERS LLC 0.02% of their portfolio | 31.8k $50.0k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 30.8k $51.8k | Reduced -215 |
| US BANCORP \DE\ 0.00% of their portfolio | 29.0k $45.8k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 28.8k $45.6k | Added +22.4k |
| Paloma Partners Management Co 0.00% of their portfolio | 28.0k $44.2k | New |
| Capstone Financial Advisors, Inc. 0.00% of their portfolio | 25.0k $39.5k | Unchanged |
| SAPIENT CAPITAL LLC 0.00% of their portfolio | 23.8k $37.6k | Reduced -33.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 22.6k $35.7k | Reduced -30.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 19.5k $30.8k | First filing |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 19.4k $30.6k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 19.3k $30.6k | Reduced -14.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 16.6k $26.2k | Reduced -30.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 14.7k $23.3k | New |
| Point72 (DIFC) Ltd 0.00% of their portfolio | 11.9k $18.8k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 11.9k $18.7k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 11.5k $18.1k | Reduced -21.9k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 10.4k $16.4k | Reduced -500 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 10.1k $15.9k | Added +926 |
| Kimelman & Baird, LLC 0.00% of their portfolio | 10.0k $15.8k | First filing |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 10.0k $15.8k | Unchanged |
| Catalyst Funds Management Pty Ltd 0.00% of their portfolio | 9.8k $15.5k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 8.1k $12.0k | Added +3.1k |
| UBS Group AG 0.00% of their portfolio | 6.7k $10.6k | Reduced -32.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.4k $10.0k | Added +4.4k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 4.8k $7.5k | Reduced -177 |
| Arax Advisory Partners 0.00% of their portfolio | 2.2k $3.5k | Added +26 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 1.9k $3.1k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 450 $711 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 400 $632 | Reduced -11.6k |
| FinTrust Capital Advisors, LLC 0.00% of their portfolio | 350 $553 | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 327 $517 | Reduced -12.9k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 300 $474 | Reduced -4.8k |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 300 $474 | New |
| CWM, LLC 0.00% of their portfolio | 289 $0 | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 150 $237 | New |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 148 $0 | New |
| WOLFF WIESE MAGANA LLC 0.00% of their portfolio | 145 $230 | Unchanged |
| TRUST CO OF VERMONT 0.00% of their portfolio | 100 $158 | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 100 $158 | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 73 $122 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |