Galloway Capital Partners disclosed a 6.01% stake in Noodles & Company, which represents 2.81M shares. The filing with the SEC allows for activism. Galloway believes the company’s share price is undervalued and management “needs to take steps to protect the equity value for the shareholders.” It sent to the company’s management.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDLS: