Recent News
On August 7, 2025 the company reported same-store sales down sharply in the third quarter ended July 6, citing a pullback in spending by Hispanic consumers and a 2.6% sales decline at Del Taco; the CEO linked the trend to demographic-specific uncertainty. In mid-July and through August the brand reopened stores in the Chicago area, launching several company-operated locations as part of a regional expansion.
Technical Analysis
ADX reads 13.52, indicating no established trend; absence of a strong directional trend raises probability of range-bound price action near current levels.
Directional indicators show DI+ at 23.64 with a peak-and-reversal and DI- at 17.42 with a dip-and-reversal; those patterns amount to directional pressure to the downside and weigh on short-term price bias.
MACD sits at 0.11 with the signal at 0.02; the indicator has crossed above its signal line, which qualifies as a short-term bullish signal, while the MACD trend shows a peak-and-reversal, signaling deteriorating momentum that could cap any advance.
MRO equals 9.57 and trends higher; the positive reading implies price sits above the model target and therefore carries a higher probability of downward adjustment than further appreciation in the immediate term.
RSI at 49.1 with a peak-and-reversal indicates momentum has rolled over from recent highs and supports a bearish near-term tone.
Price mechanics remain near short-term averages: closing price $19.19 sits marginally below the 12-day and 20-day EMAs/averages (price12-day EMA $19.51; 20-day avg $19.33; 50-day avg $19.16) and well below the 200-day average $26.64, pointing to longer-term weakness despite short-term consolidation. Price faces support near the super-trend lower band at $17.61 and resistance near the upper Bollinger level at $20.07. Volume at 964,218 trails the 10-day average, suggesting lower conviction behind recent moves.
Fundamental Analysis
Revenue totaled $332,987,000 with YoY revenue growth of 19.76% and a QoQ change of -184.50%; the YoY expansion contrasts sharply with the sequential contraction. Operating income $53,436,000 and EBIT $39,882,000 produce an EBIT margin of 11.98%, which declined 22.96% QoQ and fell 142.80% YoY. The EBIT margin sits below the industry peer mean of 26.30% and below the peer median of 24.87%, indicating margin structure lags core competitors despite positive top-line growth year-over-year.
Net income reached $22,027,000 while EPS came in at $1.02 versus an estimate of $1.17, producing an EPS surprise of -12.82%. PE ratio stands at 21.64x with forward PE of 14.14x; forward EPS equals $1.64. Price-to-sales registers at 1.16x, down QoQ and YoY, reflecting revenue pressures against market capitalization of $387,855,125 and enterprise value of $3,480,459,125.
Cash flow shows operating cash flow of $59,736,000 and free cash flow $37,212,000, producing a free-cash-flow yield of 9.59%, which sits above the industry peer mean of roughly 0.99%. Free cash flow declined YoY, however, and free-cash-growth indicates contraction versus prior periods.
Balance sheet leverage presents material risk: total debt $3,130,618,000, net debt $1,672,224,000, and debt-to-EBITDA ~59.31x. Interest coverage equals 2.17x and total equity reads negative $951,621,000, reflecting a capital structure with elevated leverage that constrains flexibility despite operating cash generation.
Book value per share reads negative at -$50.40 and the price-to-book ratio shows negative value; negative tangible equity limits traditional asset-based cushions. WMDST values the stock as under-valued, driven largely by a relatively high free-cash-flow yield and a forward PE materially lower than current PE, while acknowledging leverage and compressed margins.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 45.6 M |
| Operating Cash Flow | $ 59.7 M | |
| Capital Expenditures | $ -22.52 M | |
| Change In Working Capital | $ 21.1 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 22.5 M | |
| End Period Cash Flow | $ 68.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 333.0 M | |
| Forward Revenue | $ 116.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 238.2 M | |
| Depreciation | $ 12.8 M | |
| Depreciation and Amortization | $ 12.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 279.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 94.8 M | |
| EBITDA | $ 52.8 M | |
| EBIT | $ 39.9 M | |
| Operating Income | $ 53.4 M | |
| Interest Income | $ 436.0 K | |
| Interest Expense | $ 18.4 M | |
| Net Interest Income | $ -17.93 M | |
| Income Before Tax | $ 21.5 M | |
| Tax Provision | $ -506.00 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ 22.0 M | |
| Net Income From Continuing Operations | $ 22.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.17 | |
| EPS Actual | $ 1.02 | |
| EPS Difference | $ -0.15 | |
| EPS Surprise | -12.821 % | |
| Forward EPS | $ 1.64 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.6 B | |
| Intangible Assets | $ 251.7 M | |
| Net Tangible Assets | $ -1.20 B | |
| Total Current Assets | $ 200.4 M | |
| Cash and Short-Term Investments | $ 38.0 M | |
| Cash | $ 38.0 M | |
| Net Receivables | $ 86.1 M | |
| Inventory | $ 3.7 M | |
| Long-Term Investments | $ 169.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 57.3 M | |
| Short-Term Debt | $ 29.4 M | |
| Total Current Liabilities | $ 432.9 M | |
| Net Debt | $ 1.7 B | |
| Total Debt | $ 3.1 B | |
| Total Liabilities | $ 3.5 B | |
| EQUITY | ||
| Total Equity | $ -951.62 M | |
| Retained Earnings | $ 1.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -50.40 | |
| Shares Outstanding | 18.882 M | |
| Revenue Per-Share | $ 17.63 | |
| VALUATION | Market Capitalization | $ 387.9 M |
| Enterprise Value | $ 3.5 B | |
| Enterprise Multiple | 65.943 | |
| Enterprise Multiple QoQ | 716.589 % | |
| Enterprise Multiple YoY | -663.093 % | |
| Enterprise Multiple IPRWA | high: 115.782 mean: 73.832 median: 71.611 JACK: 65.943 low: -56.203 |
|
| EV/R | 10.452 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -2.728 | |
| Asset To Liability | 0.732 | |
| Debt To Capital | 1.437 | |
| Debt To Assets | 1.206 | |
| Debt To Assets QoQ | 11149.067 % | |
| Debt To Assets YoY | 10932.937 % | |
| Debt To Assets IPRWA | high: 1.647 JACK: 1.206 median: 0.724 mean: 0.699 low: 0.002 |
|
| Debt To Equity | -3.29 | |
| Debt To Equity QoQ | 9053.506 % | |
| Debt To Equity YoY | 9174.796 % | |
| Debt To Equity IPRWA | high: 10.498 median: -1.551 JACK: -3.29 mean: -4.613 low: -20.242 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -0.408 | |
| Price To Book QoQ | -56.9 % | |
| Price To Book YoY | -66.806 % | |
| Price To Book IPRWA | high: 19.124 median: 3.747 mean: -0.313 JACK: -0.408 low: -25.016 |
|
| Price To Earnings (P/E) | 21.635 | |
| Price To Earnings QoQ | 0.116 % | |
| Price To Earnings YoY | -34.26 % | |
| Price To Earnings IPRWA | high: 289.09 mean: 101.246 median: 95.392 JACK: 21.635 low: -27.296 |
|
| PE/G Ratio | -0.19 | |
| Price To Sales (P/S) | 1.165 | |
| Price To Sales QoQ | -30.092 % | |
| Price To Sales YoY | -58.595 % | |
| Price To Sales IPRWA | high: 31.824 mean: 18.343 median: 16.293 JACK: 1.165 low: 0.286 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 14.145 | |
| Forward PE/G | -0.124 | |
| Forward P/S | 3.319 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.56 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.124 | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | -5.393 % | |
| Asset Turnover Ratio IPRWA | high: 0.621 mean: 0.199 median: 0.147 JACK: 0.124 low: 0.02 |
|
| Receivables Turnover | 4.517 | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | -16.755 % | |
| Receivables Turnover Ratio IPRWA | high: 42.739 mean: 8.262 JACK: 4.517 median: 4.375 low: 0.692 |
|
| Inventory Turnover | 62.711 | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | 3.473 % | |
| Inventory Turnover Ratio IPRWA | high: 63.048 JACK: 62.711 median: 54.358 mean: 37.367 low: 0.492 |
|
| Days Sales Outstanding (DSO) | 20.201 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 3.429 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -506.385 % | |
| Cash Conversion Cycle Days IPRWA | high: 60.416 median: 4.8 JACK: 3.429 mean: 2.173 low: -59.918 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -1.432 | |
| CapEx To Revenue | -0.068 | |
| CapEx To Depreciation | -1.754 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 729.2 M | |
| Net Invested Capital | $ 758.6 M | |
| Invested Capital | $ 758.6 M | |
| Net Tangible Assets | $ -1.20 B | |
| Net Working Capital | $ -232.51 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.088 | |
| Current Ratio | 0.463 | |
| Current Ratio QoQ | -7.697 % | |
| Current Ratio YoY | 7.24 % | |
| Current Ratio IPRWA | high: 2.698 mean: 1.018 median: 1.012 JACK: 0.463 low: 0.137 |
|
| Quick Ratio | 0.454 | |
| Quick Ratio QoQ | -7.759 % | |
| Quick Ratio YoY | 7.604 % | |
| Quick Ratio IPRWA | high: 2.654 median: 1.178 mean: 1.042 JACK: 0.454 low: 0.106 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 59.314 | |
| Cost Of Debt | 0.46 % | |
| Interest Coverage Ratio | 2.172 | |
| Interest Coverage Ratio QoQ | -25.635 % | |
| Interest Coverage Ratio YoY | -139.737 % | |
| Interest Coverage Ratio IPRWA | high: 46.029 mean: 9.013 median: 6.755 JACK: 2.172 low: -26.646 |
|
| Operating Cash Flow Ratio | -0.004 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 17.842 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -6.41 % | |
| Revenue Growth | -29.067 % | |
| Revenue Growth QoQ | -184.502 % | |
| Revenue Growth YoY | 19.755 % | |
| Revenue Growth IPRWA | high: 52.655 % median: 14.912 % mean: 13.69 % JACK: -29.067 % low: -34.396 % |
|
| Earnings Growth | -113.655 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | -973.329 % | |
| Earnings Growth IPRWA | high: 214.286 % mean: 24.453 % median: 19.476 % JACK: -113.655 % low: -246.809 % |
|
| MARGINS | ||
| Gross Margin | 28.463 % | |
| Gross Margin QoQ | -8.068 % | |
| Gross Margin YoY | -4.781 % | |
| Gross Margin IPRWA | high: 82.429 % mean: 42.119 % median: 41.612 % JACK: 28.463 % low: -15.915 % |
|
| EBIT Margin | 11.977 % | |
| EBIT Margin QoQ | -22.963 % | |
| EBIT Margin YoY | -142.796 % | |
| EBIT Margin IPRWA | high: 47.508 % mean: 26.302 % median: 24.865 % JACK: 11.977 % low: -41.862 % |
|
| Return On Sales (ROS) | 16.047 % | |
| Return On Sales QoQ | 3.216 % | |
| Return On Sales YoY | -157.339 % | |
| Return On Sales IPRWA | high: 47.655 % mean: 25.702 % median: 24.801 % JACK: 16.047 % low: -15.426 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 37.2 M | |
| Free Cash Flow Yield | 9.594 % | |
| Free Cash Flow Yield QoQ | 6.352 % | |
| Free Cash Flow Yield YoY | 384.057 % | |
| Free Cash Flow Yield IPRWA | JACK: 9.594 % high: 7.323 % mean: 0.994 % median: 0.675 % low: -3.222 % |
|
| Free Cash Growth | -47.26 % | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | -64.592 % | |
| Free Cash Growth IPRWA | high: 178.828 % median: -33.191 % JACK: -47.26 % mean: -61.991 % low: -447.422 % |
|
| Free Cash To Net Income | 1.689 | |
| Cash Flow Margin | -0.52 % | |
| Cash Flow To Earnings | -0.079 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | 0.82 % | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | -118.881 % | |
| Return On Assets IPRWA | high: 7.107 % mean: 2.937 % median: 2.755 % JACK: 0.82 % low: -4.298 % |
|
| Return On Capital Employed (ROCE) | 1.844 % | |
| Return On Equity (ROE) | -0.023 | |
| Return On Equity QoQ | -43.162 % | |
| Return On Equity YoY | -116.011 % | |
| Return On Equity IPRWA | high: 0.488 median: 0.037 mean: 0.011 JACK: -0.023 low: -0.628 |
|
| DuPont ROE | -2.477 % | |
| Return On Invested Capital (ROIC) | 4.153 % | |
| Return On Invested Capital QoQ | -103.669 % | |
| Return On Invested Capital YoY | -100.425 % | |
| Return On Invested Capital IPRWA | high: 16.565 % mean: 7.208 % median: 6.805 % JACK: 4.153 % low: -8.237 % |
|