NDLS NOODLES & Co (NDLS) Insider Trading, Ownership & Congress Trades
Restaurants & Leisure · Retail-eating places · CIK 0001275158
SEC filings
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
22
13F, latest reported quarter
NDLS filings, in plain words
Read the full summary
The latest 5% ownership filing is a 13D by Galloway Capital Partners, LLC, filed 2026-02-24, for 8.8% of the class. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
NOODLES & Co insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
No insider purchases or sales are on record for NOODLES & Co in the period covered. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 5.6% of the 52,141 shares held after it.
- 1 other insider bought within 30 days.
- 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP - Technology Kline Corey bought about $9.9K of NDLS on Jun 2, 2023; 1 other insider bought within 30 days and 22 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 buys), the last on Mar 11, 2022.
- +6.7% median (+6.7% mean) 90-day return after 2 previous buys.
- The trade is 1.3% of the 155,323 shares held after it.
- 2 other insiders bought within 30 days.
- 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Operating Officer WEST THOMAS B bought about $7.8K of NDLS on May 15, 2023; 2 other insiders bought within 30 days and 22 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Sep 27, 2021.
- The trade is 8.6% of the 1,245,943 shares held after it.
- 3 other insiders bought within 30 days.
- 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Mill Road Capital II, L.P. bought about $499.6K of NDLS on Apr 26, 2023; 3 other insiders bought within 30 days and 22 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 0.2% of the 1,128,804 shares held after it.
- 3 other insiders bought within 30 days.
- 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Mill Road Capital III, L.P. bought about $8.5K of NDLS on Apr 6, 2023; 3 other insiders bought within 30 days and 22 funds added in the latest 13F quarter.Context
- 7 earlier Form 4 trades (code P or S) here by this insider (7 buys), the last on Dec 23, 2022.
- +6.5% median (+9.0% mean) 90-day return after 7 previous buys.
- The trade is 0.4% of the 1,126,971 shares held after it.
- 3 other insiders bought within 30 days.
- 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Mill Road Capital III GP LLC bought about $23.2K of NDLS on Mar 29, 2023; 3 other insiders bought within 30 days and 22 funds added in the latest 13F quarter.38 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
no House purchase disclosed in the last 12 months
Funds
22 funds bought in last quarter
below 80% of Restaurants & Leisure
Revenue
+0.4% year over year
below 68% of Restaurants & Leisure
Margin
-8.6% net margin
below 71% of Restaurants & Leisure
Buybacks
no share repurchases reported
Short interest
4.0% of the float short (float per yahoo 2026-10-26) · 4.3 days to cover · settled 2026-09-30
below 58% of Restaurants & Leisure
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch NDLS
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+97.4%12M
13D/G stake
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns NDLS: institutional holders (13F)
13F holdings, latest reported quarter
1,107,492 sh
$16.6M
870,660 sh
$13.0M
218,589 sh
$3.3M
110,382 sh
$1.7M
91,296 sh
$1.4M
Congress trades in NDLS
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
13D: intends to influence · 13G: passive
Galloway Capital Partners, LLC
Activist 13D · 2026-02-24
8.78%
Galloway Capital, LP
Activist 13D · 2026-02-24
8.78%
GALLOWAY BRUCE
Activist 13D · 2026-02-24
8.78%
NDLS planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
NDLS mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Ultra-Small Company Market Fund
$105.3K position · as of 2026-06-30
0.1%
iShares Micro-Cap ETF
$187.1K position · as of 2026-06-30
0.0%
1290 VT Micro Cap Portfolio
$12.2K position · as of 2026-06-30
0.0%
VANGUARD EXTENDED MARKET INDEX FUND
$729.5K position · as of 2026-06-30
0.0%
Fidelity Extended Market Index Fund
$295.2K position · as of 2026-05-31
0.0%
Fidelity Nasdaq Composite Index Fund
$55.4K position · as of 2026-05-31
0.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr.Madsen
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2024
$2.4M
$1.1M
$550.4K
-94%
n/a
2022
$2.0M
$263.3K
$815.9K
-0%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows 22 funds added last quarter. Each figure is a federal filing, dated the day it went public.
NDLS financials
Revenue growth
+0.4%
XBRL, annual
Net margin
-8.6%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$495.7M
four quarters, 2025-07-02 to 2026-06-30
Revenue, TTM NDLS
| FY Dec 2025 | $495.1M |
| FY Dec 2024 | $493.3M |
| FY Jan 2024 | $503.4M |
| FY Jan 2023 | $509.5M |
| FY Dec 2021 | $475.2M |
| Jun 2026 | $127.0M |
| Mar 2026 | $123.8M |
| Dec 2025 | $122.8M |
| Sep 2025 | $122.1M |
| Jul 2025 | $126.4M |
| Apr 2025 | $123.8M |
| Dec 2024 | $121.8M |
| Oct 2024 | $122.8M |
At each fiscal year end
Single quarter
Net margin, TTM
-4.7%
net income over revenue, 2025-07-02 to 2026-06-30
Net margin, TTM NDLS
| FY Dec 2025 | -8.6% |
| FY Dec 2024 | -7.3% |
| FY Jan 2024 | -2.0% |
| FY Jan 2023 | -0.7% |
| FY Dec 2021 | +0.8% |
| Jun 2026 | -3.1% |
| Mar 2026 | -2.8% |
| Dec 2025 | -5.5% |
| Sep 2025 | -7.5% |
| Jul 2025 | -13.9% |
| Apr 2025 | -7.3% |
| Dec 2024 | -8.0% |
| Oct 2024 | -5.5% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$3.8M
operating cash flow minus capex, 2025-07-02 to 2026-06-30
Free cash flow, TTM NDLS
| FY Dec 2025 | -$5.1M |
| FY Dec 2024 | -$21.2M |
| FY Jan 2024 | -$24.5M |
| FY Jan 2023 | -$24.3M |
| FY Dec 2021 | $17.4M |
| Jun 2026 | $1.8M |
| Mar 2026 | $3.9M |
| Dec 2025 | -$3.4M |
| Sep 2025 | $1.4M |
| Jul 2025 | -$4.3M |
| Apr 2025 | $1.1M |
| Dec 2024 | -$13.8M |
| Oct 2024 | -$1.3M |
At each fiscal year end
Single quarter
Debt to equity
n/a
equity is zero or negative, the ratio has no meaning
Debt to equity NDLS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Jan 2024 | 2.95x |
| FY Jan 2023 | 1.20x |
| FY Dec 2021 | 0.56x |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jul 2025 | n/a |
| Apr 2025 | n/a |
| Dec 2024 | n/a |
| Oct 2024 | 23.66x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.13x
TTM operating cash flow over long-term 2026-06-30 plus current 2023-01-03 (42 months older than the period end)
Cash flow to debt NDLS
| FY Dec 2025 | 0.07x |
| FY Dec 2024 | 0.08x |
| FY Jan 2024 | 0.34x |
| FY Jan 2023 | 0.21x |
| FY Dec 2021 | 1.73x |
| Jun 2026 | 0.13x |
| Mar 2026 | 0.09x |
| Dec 2025 | 0.07x |
| Sep 2025 | -0.02x |
| Jul 2025 | -0.01x |
| Apr 2025 | 0.05x |
| Dec 2024 | 0.08x |
| Oct 2024 | 0.20x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
n/a
average equity is zero or negative
Return on equity NDLS
| FY Dec 2025 | n/a |
| FY Dec 2024 | -335.6% |
| FY Jan 2024 | -30.1% |
| FY Jan 2023 | -8.7% |
| FY Dec 2021 | +10.9% |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jul 2025 | n/a |
| Apr 2025 | -978.4% |
| Dec 2024 | -335.6% |
| Oct 2024 | -180.2% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-8.8%
TTM net income over average of 2025-07-01 and 2026-06-30
Return on assets NDLS
| FY Dec 2025 | -14.5% |
| FY Dec 2024 | -10.5% |
| FY Jan 2024 | -2.8% |
| FY Jan 2023 | -1.0% |
| FY Dec 2021 | +1.1% |
| Jun 2026 | -8.8% |
| Mar 2026 | -13.1% |
| Dec 2025 | -14.5% |
| Sep 2025 | -14.6% |
| Jul 2025 | -13.4% |
| Apr 2025 | -11.5% |
| Dec 2024 | -10.5% |
| Oct 2024 | -9.2% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital NDLS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Jan 2024 | n/a |
| FY Jan 2023 | n/a |
| FY Dec 2021 | +11.5% |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jul 2025 | n/a |
| Apr 2025 | n/a |
| Dec 2024 | n/a |
| Oct 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-6.4%
operating income (EBIT proxy) over average of 2025-07-01 and 2026-06-30 minus current liabilities
Return on capital employed NDLS
| FY Dec 2025 | -13.8% |
| FY Dec 2024 | -9.9% |
| FY Jan 2024 | -1.7% |
| FY Jan 2023 | -0.3% |
| FY Dec 2021 | +2.1% |
| Jun 2026 | -6.4% |
| Mar 2026 | -12.1% |
| Dec 2025 | -13.8% |
| Sep 2025 | -14.7% |
| Jul 2025 | -13.3% |
| Apr 2025 | -11.2% |
| Dec 2024 | -9.9% |
| Oct 2024 | -9.0% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing NDLS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Jan 2024 | n/a |
| FY Jan 2023 | n/a |
| FY Dec 2021 | 923.00x |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jul 2025 | n/a |
| Apr 2025 | n/a |
| Dec 2024 | n/a |
| Oct 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$183.2M
market value at close 2026-10-26 on 2026-07-21 shares, plus long-term 2026-06-30 plus current 2023-01-03 (42 months older than the period end), minus cash 2026-06-30
Enterprise value NDLS
| FY Dec 2025 | $365.7M |
| FY Dec 2024 | $311.5M |
| FY Jan 2024 | $1.2B |
| FY Jan 2023 | $2.1B |
| FY Dec 2021 | $3.4B |
| Jun 2026 | $191.2M |
| Mar 2026 | $154.5M |
| Dec 2025 | $365.7M |
| Sep 2025 | $341.2M |
| Jul 2025 | $365.1M |
| Apr 2025 | $498.1M |
| Dec 2024 | $311.5M |
| Oct 2024 | $512.2M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+4.7%
TTM free cash flow over market value at close 2026-10-26
FCF yield NDLS
| FY Dec 2025 | -2.0% |
| FY Dec 2024 | -10.0% |
| FY Jan 2024 | -2.2% |
| FY Jan 2023 | -1.2% |
| FY Dec 2021 | +0.5% |
| Jun 2026 | +4.3% |
| Mar 2026 | -4.5% |
| Dec 2025 | -2.0% |
| Sep 2025 | -6.5% |
| Jul 2025 | -7.0% |
| Apr 2025 | -4.6% |
| Dec 2024 | -10.0% |
| Oct 2024 | -5.3% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing NDLS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Jan 2024 | n/a |
| FY Jan 2023 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jul 2025 | n/a |
| Apr 2025 | n/a |
| Dec 2024 | n/a |
| Oct 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2024-01 | 2023-01 | |
|---|---|---|---|---|
| Revenue | $495.1M | $493.3M | $503.4M | $509.5M |
| Operating income | -$31.6M | -$27.8M | -$5.0M | -$832.0K |
| Net income | -$42.6M | -$36.2M | -$9.9M | -$3.3M |
| EPS (diluted) | -7.36 | -6.37 | -1.72 | -0.07 |
| Operating cash flow | $7.3M | $7.6M | $27.5M | $9.6M |
| Cash | $1.3M | $1.1M | $3.0M | $1.5M |
| Long-term debt | $108.8M | $100.7M | $80.2M | $46.1M |
| Buybacks | $0 | $0 | $5.0M | $0 |
SEC XBRL, fiscal years, as known on 2026-10-28
NDLS Stock Sonar score 5/7 axes
Find similar shapesCompareNDLS ranks highest on risk and compliance (44th percentile) and financial health (37th), and lowest on institutional and government (20th), among Restaurants & Leisure peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
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