Noodles & Co insider trading
Every open-market purchase and sale by Noodles & Co's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.
Does following Noodles & Co’s insiders pay?
From December 12, 2013 to April 26, 2023, 20 insiders reported 20 open-market purchases and 26 sales not made under a pre-set plan in Noodles & Co. Twelve months after each purchase was reported, the shares were −48.0% against the S&P 500 on average (median −51.2%), over 16 purchases with a full year of prices; 13% beat the index. After sales, the shares moved −37.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on March 3, 2015 into $1,310 by November 2, 2026, −16.0% a year. It held shares 35% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $16,523 (+4.4% a year), and held throughout $43,487 (+13.4%).
| Insider | Role | Purchases | 12 months after their purchases | Beat the S&P 500 | Sales | 12 months after their sales | Latest report |
|---|---|---|---|---|---|---|---|
| Mill Road Capital II Gp LLC | 10% owner | 3 | −76.5% (2) | 0% | 2 | −41.1% (2) | March 21, 2023 |
| Lockhart Kathryn Rae | Chief Accounting Officer | 0 | — | — | 4 | −42.4% (4) | March 2, 2021 |
| Mill Road Capital III Gp LLC | 10% owner | 4 | −64.9% (4) | 0% | 0 | — | March 31, 2023 |
| Taylor Shawn A | Director | 4 | −39.0% (4) | 25% | 0 | — | March 3, 2022 |
| Catterton-Noodles, LLC | Director | 0 | — | — | 3 | −40.8% (3) | August 2, 2018 |
| Dahnke Scott Arnold | 10% owner | 0 | — | — | 3 | −23.4% (3) | August 28, 2020 |
| Lynch Thomas E | Director | 2 | −79.4% (1) | 0% | 1 | −26.0% (1) | October 11, 2022 |
| Mill Road Capital II, L.P. | 10% owner | 1 | — | — | 2 | −40.5% (2) | April 26, 2023 |
| Boennighausen David James | Chief Executive Officer | 1 | +0.9% (1) | 100% | 1 | −60.3% (1) | March 3, 2022 |
| Cp6 Management, L.L.C. | 10% owner | 0 | — | — | 2 | −16.5% (2) | December 3, 2020 |
| Mears Mark | EVP & Chief Marketing Officer | 1 | −76.1% (1) | 0% | 1 | −76.1% (1) | January 5, 2016 |
| Public Sector Pension Investment Board | 10% owner | 0 | — | — | 2 | −39.3% (2) | July 30, 2018 |
| Reddy Kevin Michael | Chief Executive Officer | 1 | −24.6% (1) | 0% | 1 | −44.1% (1) | March 2, 2015 |
| Argentia Private Investments Inc. | 10% owner | 0 | — | — | 1 | −26.0% (1) | August 2, 2018 |
| Chu James Michael | Director | 0 | — | — | 1 | −44.1% (1) | December 12, 2013 |
| Daggett Susan | Interim Chief Financial Office | 0 | — | — | 1 | −21.7% (1) | May 16, 2018 |
| Fogarty Daniel Patrick | EVP of Marketing | 0 | — | — | 1 | −44.1% (1) | December 12, 2013 |
| Hartnett Robert M. | Director | 1 | — | — | 0 | — | June 19, 2017 |
| Jones Jeffrey W | Director | 1 | −4.7% (1) | 0% | 0 | — | March 1, 2022 |
| West Thomas B | Chief Operating Officer | 1 | −14.7% (1) | 0% | 0 | — | March 10, 2022 |
When several insiders traded Noodles & Co
Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Noodles & Co in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged +7.6% against the index. After 4 selling crowds, −23.3%. One company's history is too short to judge by; the test across every company is the better guide.
| Month | Crowd | 3 months on, vs S&P 500 | 6 months | 12 months |
|---|---|---|---|---|
| July 29, 2022 | 2 buying | +18.7% | +16.1% | −46.4% |
| March 31, 2022 | 4 buying | −6.7% | −1.0% | −8.8% |
| December 31, 2018 | 3 selling | −25.1% | −8.6% | −52.0% |
| July 31, 2018 | 4 selling | −4.3% | −28.0% | −36.1% |
| November 28, 2014 | 3 selling | −25.6% | −42.1% | −57.4% |
| December 31, 2013 | 5 selling | +2.5% | −14.7% | −40.1% |