Royce & Associates Discloses 2.38M Share Stake in Noodles & Co
Ticker: NDLS · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1275158
| Field | Detail |
|---|---|
| Company | Noodles & CO (NDLS) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G, equity-holding
TL;DR
**Royce & Associates just revealed a big 2.38M share position in Noodles & Co.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, reported beneficial ownership of 2,381,489 shares of Noodles & Company's Class A Common Stock as of December 31, 2023. This filing, an SC 13G, indicates that Royce & Associates has sole voting and dispositive power over these shares. This matters to investors because it reveals a significant institutional holder's position in Noodles & Company, potentially signaling confidence in the stock or influencing its trading dynamics.
Why It Matters
This filing shows a major institutional investor, Royce & Associates, holds a substantial stake in Noodles & Company, which can be seen as a vote of confidence and may influence other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional holding and does not inherently present a high risk.
Analyst Insight
A smart investor would note this institutional holding as a data point, potentially researching Royce & Associates' investment philosophy and Noodles & Company's recent performance to understand the context of this stake.
Key Numbers
- 2,381,489 — Shares Beneficially Owned (Represents the total number of Class A Common Stock shares of Noodles & Company held by Royce & Associates, LP.)
- 65540B105 — CUSIP Number (Unique identifier for Noodles & Company's Class A Common Stock.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Noodles & Company (company) — the subject company (issuer) of the securities
- 2,381,489 (dollar_amount) — number of shares beneficially owned by Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
- New York (company) — place of organization for Royce & Associates, LP
Forward-Looking Statements
- Royce & Associates will maintain a significant stake in Noodles & Company for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Royce & Associates, LP, as stated in the 'NAME OF REPORTING PERSON' section of the filing.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company is Noodles & Company, as identified under 'Name of Issuer' and 'COMPANY CONFORMED NAME' in the filing.
How many shares of Noodles & Company's Class A Common Stock does Royce & Associates, LP beneficially own?
Royce & Associates, LP beneficially owns 2,381,489 shares of Class A Common Stock, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER' and 'SOLE DISPOSITIVE POWER'.
What was the date of the event that required this SC 13G filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What type of securities are covered by this filing?
This filing covers Class A Common Stock of Noodles & Company, as stated under 'Title of Class of Securities'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 regarding NOODLES & Co (NDLS).