Recent News
May 5, 2026 — Company reported fiscal first-quarter 2026 results and issued updated fiscal guidance. April 23, 2026 — Company introduced a new Biscoff® Pizookie® menu item. March 6, 2026 — DA Davidson initiated coverage with a Neutral view. April 25, 2026 — Analysts revised price targets and discussed company guidance for comparable-restaurant sales and restaurant-level operating profit.
Technical Analysis
Directional indicators show bullish pressure: DI+ at 28.19 and increasing while DI- at 18.04 and decreasing, producing a clear DI+ advantage that supports the near-term bullish bias implied by price action.
ADX registers 18.99, below 20, indicating no established trend strength; momentum and directional signals therefore carry more weight for short-term moves than a persistent trend.
MACD sits at 1.13, above its 0.81 signal line and increasing, which constitutes a bullish momentum confirmation and suggests buying pressure remains active in the near term.
MRO at 37.6 reads positive, indicating the current price sits above the model target and therefore implies a potential downside reversion risk if momentum stalls.
RSI at 55.15 and rising reflects modest bullish momentum without overbought extremes, consistent with price trading above short- and medium-term averages (12-day EMA 40.94; 20-day average 40.24; 50-day average 37.58; 200-day average 36.88).
Price sits marginally above the upper 1× band (upper 1× = $42.61; close = $42.64), signaling volatility expansion; traders should note the proximity to the upper band with a price-target mean at $49.29 and a 52-week high at $47.02 for context.
Fundamental Analysis
Revenue totaled $358,118,000 for the period ending 2026-03-31. Reported net income equaled $9,034,000 and operating income $12,369,000. EPS came in at $0.57 versus an estimate of $0.61, producing an EPS surprise of -6.56%.
Margins show compression: EBIT margin stands at 2.84%, down 15.34% QoQ and down 33.58% YoY, well below the industry peer mean EBIT margin of 24.932%, indicating weaker operating profitability relative to the peer center.
Top-line dynamics display strain: revenue growth YoY declined 27.49% while revenue growth QoQ contracted roughly 89.99% (both values provided), reflecting meaningful short-term deceleration in revenue expansion.
Cash generation remains positive but constrained: operating cash flow of $36,586,000 and free cash flow of $27,182,000 yield a free cash flow yield of 3.41%, above the industry peer mean free cash flow yield of 0.872%, providing a relative strength in cash conversion despite margin pressure.
Liquidity looks tight: current ratio at 0.31 and quick ratio at 0.25, both below the industry peer mean current ratio of 0.93493 and the peer quick ratio mean of 0.99839, signaling limited short-term buffer versus liabilities; cash and short-term investments total $22,671,000.
Leverage and coverage present a mixed picture: total debt $462,652,000 produces debt-to-assets of 0.463 and debt-to-EBITDA near 13.95x, while interest coverage at 9.35x indicates ability to service interest though leverage on an EBITDA basis remains elevated.
Market multiples show elevated absolute levels but relative moderation versus peers: P/E at 66.46 and P/B at 2.14 sit below the industry peer mean P/E of 97.10 and peer mean P/B of 2.495, while enterprise value multiples and forward multiples also reflect divergent signals; WMDST values the stock as under-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-05 |
| NEXT REPORT DATE: | 2026-08-04 |
| CASH FLOW | Begin Period Cash Flow | $ 23.8 M |
| Operating Cash Flow | $ 36.6 M | |
| Capital Expenditures | $ -15.80 M | |
| Change In Working Capital | $ -1.47 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -1.11 M | |
| End Period Cash Flow | $ 22.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 358.1 M | |
| Forward Revenue | $ 136.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 301.0 M | |
| Depreciation | $ 23.0 M | |
| Depreciation and Amortization | $ 23.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 345.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 57.2 M | |
| EBITDA | $ 33.2 M | |
| EBIT | $ 10.2 M | |
| Operating Income | $ 12.4 M | |
| Interest Income | — | |
| Interest Expense | $ 1.1 M | |
| Net Interest Income | $ -1.09 M | |
| Income Before Tax | $ 9.1 M | |
| Tax Provision | $ 55.0 K | |
| Tax Rate | 0.605 % | |
| Net Income | $ 9.0 M | |
| Net Income From Continuing Operations | $ 9.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.61 | |
| EPS Actual | $ 0.57 | |
| EPS Difference | $ -0.04 | |
| EPS Surprise | -6.557 % | |
| Forward EPS | $ 0.65 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 999.1 M | |
| Intangible Assets | $ 4.7 M | |
| Net Tangible Assets | $ 367.9 M | |
| Total Current Assets | $ 60.4 M | |
| Cash and Short-Term Investments | $ 22.7 M | |
| Cash | $ 22.7 M | |
| Net Receivables | $ 14.6 M | |
| Inventory | $ 12.8 M | |
| Long-Term Investments | $ 44.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 44.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 193.5 M | |
| Net Debt | $ 39.3 M | |
| Total Debt | $ 462.7 M | |
| Total Liabilities | $ 626.5 M | |
| EQUITY | ||
| Total Equity | $ 372.5 M | |
| Retained Earnings | $ 299.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.70 | |
| Shares Outstanding | 21.050 M | |
| Revenue Per-Share | $ 17.01 | |
| VALUATION | Market Capitalization | $ 797.4 M |
| Enterprise Value | $ 1.2 B | |
| Enterprise Multiple | 37.302 | |
| Enterprise Multiple QoQ | -7.823 % | |
| Enterprise Multiple YoY | -1.089 % | |
| Enterprise Multiple IPRWA | high: 150.145 mean: 88.303 median: 87.096 BJRI: 37.302 low: 35.469 |
|
| EV/R | 3.455 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.682 | |
| Asset To Liability | 1.595 | |
| Debt To Capital | 0.554 | |
| Debt To Assets | 0.463 | |
| Debt To Assets QoQ | -4.182 % | |
| Debt To Assets YoY | -6.772 % | |
| Debt To Assets IPRWA | high: 1.456 mean: 0.691 median: 0.625 BJRI: 0.463 low: 0.018 |
|
| Debt To Equity | 1.242 | |
| Debt To Equity QoQ | -7.33 % | |
| Debt To Equity YoY | -8.929 % | |
| Debt To Equity IPRWA | high: 15.351 BJRI: 1.242 mean: 0.562 median: 0.332 low: -5.69 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.14 | |
| Price To Book QoQ | -9.105 % | |
| Price To Book YoY | 4.187 % | |
| Price To Book IPRWA | high: 36.049 median: 10.414 mean: 2.495 BJRI: 2.14 low: -22.122 |
|
| Price To Earnings (P/E) | 66.458 | |
| Price To Earnings QoQ | 7.394 % | |
| Price To Earnings YoY | 15.268 % | |
| Price To Earnings IPRWA | high: 249.745 median: 105.586 mean: 97.1 BJRI: 66.458 low: -71.726 |
|
| PE/G Ratio | -4.874 | |
| Price To Sales (P/S) | 2.227 | |
| Price To Sales QoQ | -8.234 % | |
| Price To Sales YoY | 1.521 % | |
| Price To Sales IPRWA | high: 33.432 median: 25.858 mean: 23.763 BJRI: 2.227 low: 0.815 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 57.846 | |
| Forward PE/G | -4.242 | |
| Forward P/S | 5.86 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -19.207 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.356 | |
| Asset Turnover Ratio QoQ | 1.915 % | |
| Asset Turnover Ratio YoY | 5.286 % | |
| Asset Turnover Ratio IPRWA | high: 0.533 BJRI: 0.356 mean: 0.158 median: 0.109 low: 0.078 |
|
| Receivables Turnover | 26.583 | |
| Receivables Turnover Ratio QoQ | 6.173 % | |
| Receivables Turnover Ratio YoY | 10.123 % | |
| Receivables Turnover Ratio IPRWA | high: 28.617 BJRI: 26.583 mean: 6.948 median: 2.661 low: 1.107 |
|
| Inventory Turnover | 23.213 | |
| Inventory Turnover Ratio QoQ | -0.311 % | |
| Inventory Turnover Ratio YoY | -0.263 % | |
| Inventory Turnover Ratio IPRWA | high: 72.564 mean: 49.222 median: 47.115 BJRI: 23.213 low: 3.124 |
|
| Days Sales Outstanding (DSO) | 3.433 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -5.343 | |
| Cash Conversion Cycle Days QoQ | -2.501 % | |
| Cash Conversion Cycle Days YoY | 54.396 % | |
| Cash Conversion Cycle Days IPRWA | high: 24.74 median: -0.731 BJRI: -5.343 mean: -5.586 low: -46.176 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -2.691 | |
| CapEx To Revenue | -0.044 | |
| CapEx To Depreciation | -0.687 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 434.5 M | |
| Net Invested Capital | $ 434.5 M | |
| Invested Capital | $ 434.5 M | |
| Net Tangible Assets | $ 367.9 M | |
| Net Working Capital | $ -133.09 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.117 | |
| Current Ratio | 0.312 | |
| Current Ratio QoQ | -21.776 % | |
| Current Ratio YoY | -19.895 % | |
| Current Ratio IPRWA | high: 1.831 mean: 0.935 median: 0.933 low: 0.387 BJRI: 0.312 |
|
| Quick Ratio | 0.246 | |
| Quick Ratio QoQ | -25.327 % | |
| Quick Ratio YoY | -21.831 % | |
| Quick Ratio IPRWA | high: 1.813 median: 1.121 mean: 0.998 BJRI: 0.246 low: 0.178 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 13.947 | |
| Cost Of Debt | 0.169 % | |
| Interest Coverage Ratio | 9.354 | |
| Interest Coverage Ratio QoQ | -16.889 % | |
| Interest Coverage Ratio YoY | -22.727 % | |
| Interest Coverage Ratio IPRWA | high: 17.947 BJRI: 9.354 mean: 8.802 median: 7.355 low: -3.148 |
|
| Operating Cash Flow Ratio | 0.189 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.743 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.614 % | |
| Revenue Growth | 0.765 % | |
| Revenue Growth QoQ | -89.993 % | |
| Revenue Growth YoY | -27.488 % | |
| Revenue Growth IPRWA | high: 9.738 % BJRI: 0.765 % mean: -5.544 % median: -7.006 % low: -25.079 % |
|
| Earnings Growth | -13.636 % | |
| Earnings Growth QoQ | -100.88 % | |
| Earnings Growth YoY | -153.407 % | |
| Earnings Growth IPRWA | high: 103.226 % mean: -12.805 % median: -13.295 % BJRI: -13.636 % low: -155.556 % |
|
| MARGINS | ||
| Gross Margin | 15.962 % | |
| Gross Margin QoQ | -0.833 % | |
| Gross Margin YoY | -0.081 % | |
| Gross Margin IPRWA | high: 78.305 % mean: 43.067 % median: 39.043 % BJRI: 15.962 % low: 11.09 % |
|
| EBIT Margin | 2.842 % | |
| EBIT Margin QoQ | -15.341 % | |
| EBIT Margin YoY | -33.583 % | |
| EBIT Margin IPRWA | high: 45.143 % mean: 24.932 % median: 22.748 % BJRI: 2.842 % low: -18.79 % |
|
| Return On Sales (ROS) | 3.454 % | |
| Return On Sales QoQ | 3.259 % | |
| Return On Sales YoY | -19.28 % | |
| Return On Sales IPRWA | high: 44.253 % mean: 24.976 % median: 24.817 % BJRI: 3.454 % low: -18.79 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 27.2 M | |
| Free Cash Flow Yield | 3.409 % | |
| Free Cash Flow Yield QoQ | 294.56 % | |
| Free Cash Flow Yield YoY | -315.759 % | |
| Free Cash Flow Yield IPRWA | high: 4.364 % BJRI: 3.409 % mean: 0.872 % median: 0.794 % low: -1.18 % |
|
| Free Cash Growth | 264.614 % | |
| Free Cash Growth QoQ | 147.509 % | |
| Free Cash Growth YoY | -249.885 % | |
| Free Cash Growth IPRWA | high: 296.696 % BJRI: 264.614 % mean: 42.428 % median: 5.617 % low: -196.027 % |
|
| Free Cash To Net Income | 3.009 | |
| Cash Flow Margin | 10.216 % | |
| Cash Flow To Earnings | 4.05 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.897 % | |
| Return On Assets QoQ | -27.72 % | |
| Return On Assets YoY | -31.474 % | |
| Return On Assets IPRWA | high: 7.852 % mean: 2.442 % median: 2.339 % BJRI: 0.897 % low: -0.379 % |
|
| Return On Capital Employed (ROCE) | 1.263 % | |
| Return On Equity (ROE) | 0.024 | |
| Return On Equity QoQ | -29.771 % | |
| Return On Equity YoY | -33.232 % | |
| Return On Equity IPRWA | high: 0.315 BJRI: 0.024 median: 0.021 mean: 0.008 low: -0.158 |
|
| DuPont ROE | 2.446 % | |
| Return On Invested Capital (ROIC) | 2.328 % | |
| Return On Invested Capital QoQ | 11.441 % | |
| Return On Invested Capital YoY | -27.657 % | |
| Return On Invested Capital IPRWA | high: 18.09 % mean: 6.264 % median: 5.912 % BJRI: 2.328 % low: -1.732 % |
|