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BROOMFIELD, Colo.—Noodles & Co. and some of its shareholders are planning a public stock offering.
The restaurant operator did not specify how many shares are expected in the offering.
Noodles & Co. also said Tuesday that it expects to enter an agreement with certain company executives to buy back shares directly from them in a private transaction.
Noodles & Co., which went public in June, said it will use the offering’s proceeds to fund the stock buyback.
Earlier this month Noodles & Co. reported that its third-quarter profit met analysts’ expectations, but revenue fell short of Wall Street’s view.
Its shares fell $1.02, or 2.4 percent, to $41.20 in premarket trading about 90 minutes ahead of the market opening.
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