Vault-13

NOODLES & CO

COM CL A · CUSIP 65540B105

1 institutional holders -1 vs Q1 2026
870,660870.7k shares reported held*
$13.0mreported value*
0 new 0 added 0 reduced 1 sold out net sold ≈ $151.4k (-10.1k 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 ≈ $14.95.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 103Q4 22: 103Q1 23: 108Q2 23: 97Q3 23: 76Q4 23: 83Q1 24: 79Q2 24: 77Q3 24: 57Q4 24: 48Q1 25: 48Q2 25: 46Q3 25: 41Q4 25: 43Q1 26: 2Q2 26: 11Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022103
Q4 2022103
Q1 2023108
Q2 202397
Q3 202376
Q4 202383
Q1 202479
Q2 202477
Q3 202457
Q4 202448
Q1 202548
Q2 202546
Q3 202541
Q4 202543
Q1 20262
Q2 20261

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 24: 11 bought or addedQ3 24: 44 cut or sold outQ4 24: 9 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 18 cut or sold outQ2 25: 13 bought or addedQ2 25: 21 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 23 cut or sold outQ4 25: 19 bought or addedQ4 25: 16 cut or sold outQ4 25Q1 26: 0 bought or addedQ1 26: 42 cut or sold outQ2 26: 0 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241144
Q4 2024930
Q1 20251518
Q2 20251321
Q3 2025823
Q4 20251916
Q1 2026042
Q2 202601

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30k$40kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $34.6kQ4 25 puts: $4.2kQ4 25P/C 0.12Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$34.6k$4.2k0.12
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

None

Biggest sellers

Quinn Opportunity Partners LLC Sold out -10,125-10.1k

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.

HolderStakeChangeShares Last filed
Nantahala Capital Management, LLC 13G · institution filed 2024-11-14 9.9% 4.5m 2024-11-14
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% +2.8 pts 512.8k 2026-02-24

Fell to 5% or below in the last year: Diveroli Investment Group LLC (1.3%, 2025-12-03)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mill Road Capital Management LLC 6.43% of their portfolio Greenwich, CT 870,660870.7k $13.0m $13.0m 6.43% Unchanged