Galloway discloses 8.78% stake in Noodles & Co.
Galloway Capital Partners and related entities have disclosed a significant stake in Noodles & Co., reporting beneficial ownership of 512,800 shares of common stock, or approximately 8.78% of the company as of February 23, 2026.
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Rhea-AI Filing Summary
Galloway Capital Partners and related entities have disclosed a significant stake in Noodles & Co., reporting beneficial ownership of 512,800 shares of common stock, or approximately 8.78% of the company as of February 23, 2026. The shares are held and managed by Galloway Capital Partners, LLC, with investment interests also from Galloway Capital, LP and Bruce Galloway, who may be deemed a beneficial owner through his control of the manager.
The group acquired 161,600 shares in open market purchases from December 2025 through February 2026 at an aggregate purchase price of approximately $5.75 per share, using investment capital. They state that the position is for investment purposes but indicate they may buy more, hold, or sell, and may consider proposals relating to performance, operations, management, governance, capital allocation, and strategy. The reporting persons have sent a letter to Noodles & Co. management outlining their views.
Insights
Galloway group reports 8.78% NDLS stake and signals active engagement.
The reporting group, led by Galloway Capital Partners, LLC and Bruce Galloway, reports beneficial ownership of 512,800 Noodles & Co. shares, or 8.78% of the common stock as of February 23, 2026. Part of this position, 161,600 shares, was accumulated in open-market purchases from December 2025 through February 2026 at approximately $5.75 per share.
Control is structured through Galloway Capital Partners, LLC as investment manager to Galloway Capital, LP, with Bruce Galloway as managing member exercising voting and dispositive power. This centralizes decision-making over the stake and aligns the entities’ actions under one controlling individual, which can simplify coordinated engagement with the company.
The filing states the investment is for general investment purposes but also outlines potential consideration of changes to performance, operations, management, governance, capital allocation, and strategic plans, and notes a letter sent to management dated February 23, 2026. Any future impact will depend on subsequent actions the group and the company undertake, which would be reflected in later public communications and regulatory disclosures.
FAQ
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What percentage of Noodles & Co. (NDLS) does the Galloway group control?
Who controls voting and investment decisions for Galloway’s Noodles & Co. (NDLS) stake?
What are Galloway Capital’s intentions with its Noodles & Co. (NDLS) investment?
Has Galloway Capital engaged Noodles & Co. (NDLS) management directly?
AI-generated analysis. How Rhea-AI works. Not financial advice.