Noodles shares surge 10.40% intraday after Galloway Capital takes 6.01% stake and pushes for shareholder value.

Noodles & Company (NDLS) surged 10.40% intraday after Galloway Capital Partners disclosed a 6.01% stake, signaling confidence in the stock’s undervaluation. The investment firm, which owns 2.81 million shares, urged management to implement strategies to enhance shareholder equity, potentially positioning itself as an activist investor. This move followed the company’s Q3 revenue beat of $122.1 million and a 4% same-store sales increase, which had previously driven a 6.7% rally 25 days earlier. While a limited-time SNICKERS Crispy promotion was announced, the immediate intraday rally was primarily driven by Galloway’s disclosure and its call for operational improvements, aligning with broader market optimism over the stock’s turnaround potential.