Recent News
Jan 28, 2026 — Company confirms a new Richmond, VA location slated to open this fall. Apr 7–8, 2026 — Corporate update: the CFO announced an April 28 departure; management reiterated expansion plans including multiple new restaurants. Additional local openings and market-entry notices reported across Q1–Q2 2026.
Technical Analysis
ADX / DI+ / DI-: ADX at 18.4 indicates no dominant trend; directional indicators skew bearish as DI+ shows a peak-and-reversal while DI- displays a dip-and-reversal, which together imply sellers recently reclaimed directional control and raise the probability of near-term downward pressure relative to the current valuation.
MACD: MACD measures 0.65 with a peak-and-reversal pattern while the signal line sits at -0.04. The indicator sits above its signal line (a prior bullish crossover), yet the peak-and-reversal behavior signals fading bullish momentum and increases downside risk for a stock already valued above intrinsic metrics.
MRO (Momentum/Regression Oscillator): MRO at 10.41 and marked peak-and-reversal indicates the market price sits modestly above the modeled target and therefore faces downward pressure to mean-revert toward valuation levels.
RSI: RSI 49.41 with a peak-and-reversal reads near neutral but turning lower, which supports the case for limited immediate upside and adds weight to a short-term bearish bias given the other momentum signals.
Price vs Moving Averages, Bollinger, Ichimoku: Price closed at $60.01, below the 200-day average of $67.63 and under the 50-day average of $67.07; the 12-day EMA recently peaked and reversed. Bollinger bands show the upper 1× std dev at $71.29 and lower 1× at $59.75; price sitting near the lower band increases the odds of short-term volatility but does not negate the momentum reversal. Ichimoku components cluster near current price, offering limited bullish cloud support.
Volume & Volatility: Recent volume (1,408,018) ran well above the 10-day average (~421,413), signaling conviction behind recent moves; 42-day beta 0.97 and 52-week beta 1.86 indicate sensitivity to market swings with elevated historical volatility over the year.
Fundamental Analysis
Revenue & Margins: Total revenue $73,455,000 with YoY revenue growth of 2.20% and a trailing revenue change of -7.54%. Gross margin stands at 8.17% while operating margin registers -5.01% and EBIT margin -4.09%. EBIT margin improved YoY by 190.21% but declined QoQ by -239.52%; relative to the industry peer mean EBIT margin of 13.49% and median 11.62%, the company remains below peer profitability benchmarks while inside the reported industry peer range low to high.
Earnings & Cash Flow: Net loss totaled -$3,060,000 and EPS came in at -$0.04 versus an estimate of -$0.20, producing an EPS surprise of 80.00%. EBITDA positive at $1,103,000 contrasts with negative EBIT and free cash flow of -$13,352,000; free cash flow yield equals -1.96%. Operating cash flow appears weak ($529,000) relative to capital needs, and free cash growth shows a steep YoY contraction.
Liquidity & Capital Structure: Cash and short-term investments total $50,701,000 while total debt stands at $187,412,000. Current ratio 1.61 and cash ratio 1.26 provide short-term coverage, but debt-to-assets at 42.26% and debt-to-equity at 81.77% signal meaningful leverage for a growth-stage restaurant operator; debt-to-EBITDA reads 169.9, implying limited earnings cover for leverage at present.
Valuation Metrics: Market cap $681,782,897 and enterprise value $818,493,897 produce an EV/Revenue-like EVR of 11.14 and an enterprise multiple shown at a very elevated figure. Price-to-book sits near 2.97; PE ratio negative for trailing results, while forward PE stands extremely high (~1,208.5) on modest expected forward EPS. WMDST values the stock as over-valued. The mean analyst price target at $84.58 sits well above the current $60.01 close, but momentum and liquidity dynamics currently favor downside pressure toward fair-value signals driven by fundamentals.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-11-30 |
| REPORT DATE: | 2026-04-07 |
| NEXT REPORT DATE: | 2026-07-07 |
| CASH FLOW | Begin Period Cash Flow | $ 47.5 M |
| Operating Cash Flow | $ 529.0 K | |
| Capital Expenditures | $ -13.88 M | |
| Change In Working Capital | $ -1.68 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -12.13 M | |
| End Period Cash Flow | $ 35.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 73.5 M | |
| Forward Revenue | $ -3.75 M | |
| COSTS | ||
| Cost Of Revenue | $ 67.5 M | |
| Depreciation | $ 4.1 M | |
| Depreciation and Amortization | $ 4.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 77.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 6.0 M | |
| EBITDA | $ 1.1 M | |
| EBIT | $ -3.01 M | |
| Operating Income | $ -3.68 M | |
| Interest Income | $ 674.0 K | |
| Interest Expense | $ 18.0 K | |
| Net Interest Income | $ 656.0 K | |
| Income Before Tax | $ -3.02 M | |
| Tax Provision | $ 36.0 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ -3.06 M | |
| Net Income From Continuing Operations | $ -3.06 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.20 | |
| EPS Actual | $ -0.04 | |
| EPS Difference | $ 0.16 | |
| EPS Surprise | 80.0 % | |
| Forward EPS | $ 0.05 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 443.5 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 229.2 M | |
| Total Current Assets | $ 64.8 M | |
| Cash and Short-Term Investments | $ 50.7 M | |
| Cash | $ 35.4 M | |
| Net Receivables | — | |
| Inventory | $ 2.5 M | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 9.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 40.3 M | |
| Net Debt | — | |
| Total Debt | $ 187.4 M | |
| Total Liabilities | $ 214.3 M | |
| EQUITY | ||
| Total Equity | $ 229.2 M | |
| Retained Earnings | $ -37.95 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.92 | |
| Shares Outstanding | 12.111 M | |
| Revenue Per-Share | $ 6.06 | |
| VALUATION | Market Capitalization | $ 681.8 M |
| Enterprise Value | $ 818.5 M | |
| Enterprise Multiple | 742.062 | |
| Enterprise Multiple QoQ | 402.231 % | |
| Enterprise Multiple YoY | 45.843 % | |
| Enterprise Multiple IPRWA | KRUS: 742.062 high: 130.17 median: 91.512 mean: 88.018 low: -2.827 |
|
| EV/R | 11.143 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.935 | |
| Asset To Liability | 2.069 | |
| Debt To Capital | 0.45 | |
| Debt To Assets | 0.423 | |
| Debt To Assets QoQ | 7.107 % | |
| Debt To Assets YoY | 11.588 % | |
| Debt To Assets IPRWA | high: 1.609 mean: 0.65 median: 0.62 KRUS: 0.423 low: 0.019 |
|
| Debt To Equity | 0.818 | |
| Debt To Equity QoQ | 11.133 % | |
| Debt To Equity YoY | 21.704 % | |
| Debt To Equity IPRWA | high: 12.912 KRUS: 0.818 mean: -0.773 median: -1.801 low: -8.585 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.975 | |
| Price To Book QoQ | -15.312 % | |
| Price To Book YoY | -39.582 % | |
| Price To Book IPRWA | high: 26.123 KRUS: 2.975 mean: -2.845 median: -5.751 low: -26.316 |
|
| Price To Earnings (P/E) | -244.749 | |
| Price To Earnings QoQ | -172.905 % | |
| Price To Earnings YoY | -78.918 % | |
| Price To Earnings IPRWA | high: 247.068 mean: 139.825 median: 109.671 low: -96.27 KRUS: -244.749 |
|
| PE/G Ratio | 1.138 | |
| Price To Sales (P/S) | 9.282 | |
| Price To Sales QoQ | -9.144 % | |
| Price To Sales YoY | -46.606 % | |
| Price To Sales IPRWA | high: 27.836 mean: 14.555 median: 12.243 KRUS: 9.282 low: 0.273 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 1208.499 | |
| Forward PE/G | -5.621 | |
| Forward P/S | -191.862 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 30.36 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.168 | |
| Asset Turnover Ratio QoQ | -10.098 % | |
| Asset Turnover Ratio YoY | -4.567 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 median: 0.242 mean: 0.234 KRUS: 0.168 low: 0.063 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | 29.367 | |
| Inventory Turnover Ratio QoQ | -5.061 % | |
| Inventory Turnover Ratio YoY | 11.267 % | |
| Inventory Turnover Ratio IPRWA | high: 56.869 KRUS: 29.367 mean: 15.977 median: 7.445 low: 0.802 |
|
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -10.986 | |
| Cash Conversion Cycle Days QoQ | -4.172 % | |
| Cash Conversion Cycle Days YoY | 166.651 % | |
| Cash Conversion Cycle Days IPRWA | high: 84.283 median: 16.201 mean: 9.789 KRUS: -10.986 low: -80.186 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.006 | |
| CapEx To Revenue | -0.189 | |
| CapEx To Depreciation | -3.378 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 229.2 M | |
| Net Invested Capital | $ 229.2 M | |
| Invested Capital | $ 229.2 M | |
| Net Tangible Assets | $ 229.2 M | |
| Net Working Capital | $ 24.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.257 | |
| Current Ratio | 1.606 | |
| Current Ratio QoQ | -8.937 % | |
| Current Ratio YoY | -53.653 % | |
| Current Ratio IPRWA | high: 2.73 KRUS: 1.606 median: 1.047 mean: 0.963 low: 0.36 |
|
| Quick Ratio | 1.545 | |
| Quick Ratio QoQ | -9.827 % | |
| Quick Ratio YoY | -54.599 % | |
| Quick Ratio IPRWA | high: 2.688 KRUS: 1.545 mean: 0.911 median: 0.863 low: 0.162 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 169.911 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | -167.0 | |
| Interest Coverage Ratio QoQ | -200.343 % | |
| Interest Coverage Ratio YoY | 138.834 % | |
| Interest Coverage Ratio IPRWA | high: 16.489 mean: 4.958 median: 4.298 low: -8.807 KRUS: -167.0 |
|
| Operating Cash Flow Ratio | -0.03 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 14.043 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.917 % | |
| Revenue Growth | -7.543 % | |
| Revenue Growth QoQ | -201.754 % | |
| Revenue Growth YoY | 220.025 % | |
| Revenue Growth IPRWA | high: 27.02 % median: 1.758 % mean: -0.858 % KRUS: -7.543 % low: -32.161 % |
|
| Earnings Growth | -215.0 % | |
| Earnings Growth QoQ | -171.667 % | |
| Earnings Growth YoY | 160.262 % | |
| Earnings Growth IPRWA | high: 366.667 % mean: 42.036 % median: -3.106 % KRUS: -215.0 % low: -360.784 % |
|
| MARGINS | ||
| Gross Margin | 8.168 % | |
| Gross Margin QoQ | -40.31 % | |
| Gross Margin YoY | -28.545 % | |
| Gross Margin IPRWA | high: 82.469 % mean: 33.125 % median: 23.421 % KRUS: 8.168 % low: -4.539 % |
|
| EBIT Margin | -4.092 % | |
| EBIT Margin QoQ | -239.516 % | |
| EBIT Margin YoY | 190.213 % | |
| EBIT Margin IPRWA | high: 34.806 % mean: 13.493 % median: 11.624 % KRUS: -4.092 % low: -8.383 % |
|
| Return On Sales (ROS) | -5.01 % | |
| Return On Sales QoQ | -371.839 % | |
| Return On Sales YoY | 255.319 % | |
| Return On Sales IPRWA | high: 40.032 % mean: 14.066 % median: 11.631 % KRUS: -5.01 % low: -7.947 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -13.35 M | |
| Free Cash Flow Yield | -1.958 % | |
| Free Cash Flow Yield QoQ | 1163.226 % | |
| Free Cash Flow Yield YoY | 174.23 % | |
| Free Cash Flow Yield IPRWA | high: 6.594 % mean: 0.943 % median: 0.802 % KRUS: -1.958 % low: -4.042 % |
|
| Free Cash Growth | 963.057 % | |
| Free Cash Growth QoQ | -1273.859 % | |
| Free Cash Growth YoY | -5711.566 % | |
| Free Cash Growth IPRWA | KRUS: 963.057 % high: 149.518 % median: -31.246 % mean: -32.787 % low: -365.169 % |
|
| Free Cash To Net Income | 4.363 | |
| Cash Flow Margin | -1.664 % | |
| Cash Flow To Earnings | 0.399 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -0.7 % | |
| Return On Assets QoQ | -230.841 % | |
| Return On Assets YoY | 167.176 % | |
| Return On Assets IPRWA | high: 6.953 % mean: 1.927 % median: 1.607 % KRUS: -0.7 % low: -1.777 % |
|
| Return On Capital Employed (ROCE) | -0.746 % | |
| Return On Equity (ROE) | -0.013 | |
| Return On Equity QoQ | -235.671 % | |
| Return On Equity YoY | 216.351 % | |
| Return On Equity IPRWA | high: 0.351 mean: -0.004 KRUS: -0.013 median: -0.035 low: -0.202 |
|
| DuPont ROE | -1.33 % | |
| Return On Invested Capital (ROIC) | -1.036 % | |
| Return On Invested Capital QoQ | -204.646 % | |
| Return On Invested Capital YoY | -34.761 % | |
| Return On Invested Capital IPRWA | high: 18.398 % mean: 6.456 % median: 5.862 % KRUS: -1.036 % low: -5.359 % |
|