Noodles Ownership | Who Owns Noodles?

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Noodles Ownership Summary

Noodles is owned by 34.09% institutional investors, 14.31% insiders, and 51.60% retail investors. Mill road capital management is the largest institutional shareholder, holding 14.85% of NDLS shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 3.39% of its assets in Noodles shares.

NDLS Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Noodles	34.09%	14.31%	51.60%
Sector	Consumer Cyclical Stocks	249.06%	15.38%	-164.43%
Industry	Restaurants Stocks	43.23%	12.62%	44.15%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Mill road capital management	870.66K	14.85%	$7.44M
Vanguard group	2.12M	4.55%	$1.49M
Fmr	1.64M	3.55%	$1.04M
Blackrock	601.21K	1.33%	$949.91K
D. e. shaw	266.75K	0.58%	$154.40K
Vanguard fiduciary trust	25.12K	0.43%	$214.81K
Centiva capital, lp	24.92K	0.43%	$213.09K
Citadel advisors	20.17K	0.34%	$172.47K
Quadrature capital	17.88K	0.31%	$152.90K
Crewe advisors	11.00K	0.19%	$94.05K

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Mill road capital management	870.66K	3.90%	$7.44M
Crewe advisors	11.00K	0.01%	$94.05K
Quinn opportunity partners	10.13K	0.00%	$86.57K
Quadrature capital	17.88K	0.00%	$152.90K
Centiva capital, lp	24.92K	0.00%	$213.09K
Two sigma securities	11.18K	0.00%	$7.11K
Fintrust capital advisors	350.00	0.00%	$553.00
D. e. shaw	266.75K	0.00%	$154.40K
Fmr	1.64M	0.00%	$1.04M
Caitong asset management	81.00	0.00%	$693.00

Top Buyers

Holder	Shares	% Assets	Change
Vanguard fiduciary trust	25.12K	0.00%	25.12K
Centiva capital, lp	24.92K	0.00%	24.92K
Citadel advisors	20.17K	-	20.17K
Quadrature capital	17.88K	0.00%	17.88K
Aqr capital management	14.72K	-	14.72K

Top Sellers

Holder	Shares	% Assets	Change
Mill road capital management	870.66K	3.90%	-6.09M
Nantahala capital management	-	-	-4.12M
Blackrock	601.21K	-	-2.02M
Royce & associates lp	-	-	-861.74K
Invenomic capital management lp	-	-	-702.99K

New Positions

Holder	Shares	% Assets	Change	Value
Vanguard fiduciary trust	25.12K	0.00%	25.12K	$214.81K
Centiva capital, lp	24.92K	0.00%	24.92K	$213.09K
Citadel advisors	20.17K	-	20.17K	$172.47K
Quadrature capital	17.88K	0.00%	17.88K	$152.90K
Crewe advisors	11.00K	0.01%	11.00K	$94.05K

Sold Out

Holder	Change
Zurcher kantonalbank (zurich cantonalbank)	-1.00
Citigroup	-1.00
Nelson, van denburg & campbell wealth management group	-8.00
Advisor group	-20.00
Jpmorgan chase	-30.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	31	-31.11%	1,998,201	-87.39%	34	2.97%	10	-54.55%	21	162.50%
Dec 31, 2025	8	-80.49%	2,309,604	-86.72%	4	0.35%	4	-50.00%	1	-93.33%
Sep 30, 2025	8	-82.22%	2,142,810	-88.06%	4	0.31%	1	-92.31%	2	-84.62%
Jun 30, 2025	45	-8.16%	17,940,106	-8.51%	38	2.12%	13	-13.33%	13	18.18%
Mar 31, 2025	49	8.89%	19,609,067	-0.39%	42	2.30%	15	87.50%	11	-42.11%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	1.56M	3.39%	-
Vanguard Total Stock Mkt Idx Inv	184.44K	3.13%	-
FIAM Small Cap Core Composite	1.06M	2.26%	-56.47K
FIAM Small Cap Core CIT Cl B	1.04M	2.22%	-3.70K
FullerThaler Behavioral Micro-Cap Core	648.30K	1.42%	-
Royce Small-Cap Opportunity Invmt	453.47K	0.99%	-219.11K
Strategic Advisers Fidelity US TtlStk	369.36K	0.80%	-
Vanguard Institutional Extnd Mkt Idx Tr	46.29K	0.79%	-
FTGF RY US SmCp Opp A USD Dis(A)	217.68K	0.47%	-183.07K
Fidelity Extended Market Index	27.08K	0.46%	3.54K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Jun 02, 2023	Kline Corey	EVP - Technology	Buy	$9.89K
May 15, 2023	WEST THOMAS B	Chief Operating Officer	Buy	$7.78K
Apr 25, 2023	Mill Road Capital III, L.P.	-	Sell	$465.00
Apr 25, 2023	Mill Road Capital III, L.P.	-	Sell	$4.18K
Apr 26, 2023	Mill Road Capital III, L.P.	-	Buy	$500.00K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	-
2025 Q3	-	-
2025 Q2	-	-
2025 Q1	-	-
2024 Q4	-	-

NDLS Ownership FAQ

Who Owns Noodles?

Noodles shareholders are primarily institutional investors at 34.09%, followed by 14.31% insiders and 51.60% retail investors. The average institutional ownership in Noodles's industry, Restaurants Stocks , is 43.23%, which Noodles falls below.

Who owns the most shares of Noodles?

Noodles’s largest shareholders are Mill road capital management (870.66K shares, 14.85%), Vanguard group (2.12M shares, 4.55%), and Fmr (1.64M shares, 3.55%). Together, they hold 22.96% of Noodles’s total shares outstanding.

Does Blackrock own Noodles?

Yes, BlackRock owns 1.33% of Noodles, totaling 601.21K shares as of Jun 2024. This represents 0% of BlackRock's total assets, with a market value of 949.91K$. In the last quarter, BlackRock decreased its holdings by -2.017M shares, a -77.04% change.

Who is Noodles’s biggest shareholder by percentage of total assets invested?

Mill road capital management is Noodles’s biggest shareholder by percentage of total assets invested, with 3.90% of its assets in 870.66K Noodles shares, valued at 7.44M$.

Who is the top mutual fund holder of Noodles shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Noodles shares, with 3.39% of its total shares outstanding invested in 1.56M Noodles shares.

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