Broomfield-based Noodles announces $35M share repurchase program

BROOMFIELD — Fast-casual restaurant chain Noodles and Co. (Nasdaq: NDLS) announced a $35 million stock repurchase program Thursday as its share price continues to slide.

Officials for Broomfield-based Noodles said the buyback will be funded through a combination of cash on hand, cash flow from operations and the company’s revolving line of credit.

In conjunction with the repurchase, the company has increased its revolving line of credit from $45 million to $75 million.

Founded in 1995, Noodles had a wildly successful initial public offering in 2013 that saw its share price more than double in the…