J D Wetherspoon (GB:JDW)
LSE:JDW
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J D Wetherspoon
(LSE:JDW)
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Select Model
Rating:55Neutral
Price Target:
657.00 p
â–˛(6.22% Upside)
Action:ReiteratedDate:03/21/26
The score is driven by stabilizing fundamentals and strong cash flow (supportive), tempered by high leverage and a notably weak technical setup with the stock trading below major moving averages and negative momentum. Valuation is reasonable but not compelling enough to outweigh the current downtrend and balance-sheet risk.
Positive Factors
Cash generation
Improved operating and free cash flow indicate the business converts earnings into cash reliably, supporting debt servicing, reinvestment and shareholder returns. Durable cash generation reduces financing stress and provides flexibility to navigate industry cycles over the next 2–6 months.
Negative Factors
High leverage
A high debt-to-equity ratio leaves the firm exposed to rising interest costs and limits strategic flexibility. Even with improvements, elevated leverage increases refinancing and liquidity risk, constraining capital allocation and heightening vulnerability to demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Improved operating and free cash flow indicate the business converts earnings into cash reliably, supporting debt servicing, reinvestment and shareholder returns. Durable cash generation reduces financing stress and provides flexibility to navigate industry cycles over the next 2–6 months.
Read all positive factors
J D Wetherspoon (JDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ635.79M
Dividend Yield1.5%
Average Volume (3M)254.16K
Price to Earnings (P/E)9.0
Beta (1Y)1.09
Revenue Growth4.52%
EPS Growth50.39%
CountryUK
Employees42,009
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.14
Shares Outstanding109,197,365
10 Day Avg. Volume239,510
30 Day Avg. Volume254,162
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)2.52
Price to Sales (P/S)0.43
P/FCF Ratio9.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
ÂŁ640.00Price Target Upside3.48% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.48
Revenue Forecast (FY)ÂŁ2.22B
J D Wetherspoon Business Overview & Revenue Model
Company Description
J D Wetherspoon (JDW) is a British pub chain founded in 1979, known for its cost-effective food and drink offerings. The company operates a large number of pubs and hotels across the United Kingdom and Ireland, focusing on providing a casual dinin...
How the Company Makes Money
JDW primarily makes money by selling food and beverages directly to customers in its company-operated pubs, generating revenue from on-premise consumption (and where permitted, certain off-premise sales) of items such as draught and packaged alcoh...
J D Wetherspoon Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.19B | 2.13B | 2.04B | 1.93B | 1.74B | 772.55M |
| Gross Profit | 244.40M | 142.16M | 238.10M | 159.07M | 100.28M | -72.02M |
| EBITDA | 225.14M | 214.58M | 229.62M | 266.26M | 192.65M | -24.71M |
| Net Income | 55.15M | 67.99M | 48.78M | 59.59M | 19.27M | -177.01M |
Balance Sheet | ||||||
| Total Assets | 1.90B | 1.91B | 1.90B | 1.99B | 2.09B | 2.01B |
| Cash, Cash Equivalents and Short-Term Investments | 40.07M | 38.68M | 57.23M | 87.17M | 40.35M | 45.41M |
| Total Debt | 1.20B | 1.19B | 1.14B | 1.18B | 1.41B | 1.41B |
| Total Liabilities | 1.56B | 1.55B | 1.50B | 1.59B | 1.76B | 1.73B |
| Stockholders Equity | 335.55M | 362.00M | 401.63M | 399.46M | 321.88M | 277.98M |
Cash Flow | ||||||
| Free Cash Flow | 121.87M | 100.40M | 62.30M | 315.45M | 73.46M | -57.61M |
| Operating Cash Flow | 178.74M | 193.23M | 172.56M | 362.41M | 119.35M | -35.30M |
| Investing Cash Flow | -89.55M | -108.84M | -98.64M | -67.17M | -112.20M | -57.73M |
| Financing Cash Flow | -122.87M | -102.94M | -103.86M | -248.41M | -12.21M | -36.02M |
J D Wetherspoon Technical Analysis
Neutral
618.50
Price Trends
666.08
Negative
687.97
Negative
689.64
Negative
Market Momentum
-11.96
Negative
53.59
Neutral
88.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JDW, the sentiment is Neutral. The current price of 618.5 is above the 20-day moving average (MA) of 602.65, below the 50-day MA of 666.08, and below the 200-day MA of 689.64, indicating a neutral trend. The MACD of -11.96 indicates Negative momentum. The RSI at 53.59 is Neutral, neither overbought nor oversold. The STOCH value of 88.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:JDW.
J D Wetherspoon Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ÂŁ358.53M | 5.12 | 4.99% | 2.81% | 6.94% | 9.99% | |
67 Neutral | ÂŁ457.90M | 5.72 | 1.48% | 3.20% | 12.91% | -13.62% | |
66 Neutral | £354.40M | 3.47 | 9.75% | ― | -0.08% | ― | |
66 Neutral | £1.59B | 8.30 | 6.46% | ― | 3.87% | 18.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ÂŁ674.30M | 11.48 | -68.82% | 6.46% | -0.67% | 2.43% | |
55 Neutral | ÂŁ635.79M | 8.99 | 15.81% | 1.50% | 4.52% | 50.39% |
* Consumer Cyclical Sector Average
GB:JDW
J D Wetherspoon
640.50
36.19
5.99%
GB:DOM
Domino's Pizza
185.80
-75.46
-28.88%
GB:FSTA
Fuller Smith & Turner
674.00
145.66
27.57%
GB:MARS
Marston's
56.80
21.60
61.36%
GB:MAB
Mitchells & Butlers
275.50
34.00
14.08%
GB:YNGA
Young & Co'S Brewery
811.00
6.15
0.76%
J D Wetherspoon Corporate Events
Business Operations and Strategy
Wetherspoon Rebuffs Report It May Scrap Ordering App
Positive
Apr 9, 2026
J D Wetherspoon has issued a correction after a Sun newspaper article claimed chairman Tim Martin had criticised QR code and app ordering and might phase out the technology. The company clarified that Martin’s comments were made in jest in r...
Stock BuybackRegulatory Filings and Compliance
J D Wetherspoon Updates Share Capital After Cancelling Repurchased Shares
Neutral
Apr 8, 2026
J D Wetherspoon has reduced its share capital by cancelling 216,000 ordinary shares that were previously repurchased on 30 and 31 March 2026 and disclosed to the market. Following the cancellation, the company’s issued share capital stands a...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Cancels 683,148 Shares, Updates Voting Rights
Positive
Apr 2, 2026
J D Wetherspoon has cancelled a total of 683,148 ordinary shares that it had previously repurchased on various dates in late March 2026. Following this cancellation, the company’s issued share capital now comprises 109,413,361 ordinary share...
Regulatory Filings and Compliance
J D Wetherspoon Updates Total Voting Rights and Share Capital
Neutral
Apr 1, 2026
J D Wetherspoon has reported that, as of 31 March 2026, its issued share capital consists of 110,096,509 ordinary shares with a nominal value of £0.02 each, all carrying voting rights. The company holds no shares in treasury, so the total num...
Stock Buyback
J D Wetherspoon Cancels 85,000 Shares After Targeted Buyback
Positive
Apr 1, 2026
J D Wetherspoon has bought back 85,000 of its ordinary shares at a price of 569.70 pence per share in a transaction executed on 31 March 2026 through Investec Bank on the London Stock Exchange. The company intends to cancel these shares, effective...
Business Operations and StrategyStock Buyback
Wetherspoon Buys Back and Cancels 131,000 Shares in Capital Move
Positive
Mar 31, 2026
J D Wetherspoon has repurchased 131,000 of its 2 pence ordinary shares on 30 March 2026 via Investec Bank at a volume-weighted average price of 574.1412 pence, within a trading range of 573.50 to 575.00 pence. The company plans to cancel these sha...
Stock Buyback
J D Wetherspoon Buys Back and Cancels 105,000 Shares
Positive
Mar 30, 2026
J D Wetherspoon has continued its capital management programme by buying back 105,000 ordinary shares on 27 March 2026, at prices between 574.50p and 575.00p, for a volume-weighted average price of 574.7619p. The company plans to cancel these shar...
Business Operations and StrategyStock Buyback
J D Wetherspoon Buys Back and Cancels 100,000 Shares
Positive
Mar 27, 2026
J D Wetherspoon has repurchased 100,000 of its ordinary shares on 26 March 2026 via Investec Bank at prices between 589p and 599p, with a volume-weighted average price of 593.6229p. The company plans to cancel these shares, reducing its share capi...
Stock Buyback
J D Wetherspoon Buys Back and Cancels 278,148 Shares
Positive
Mar 26, 2026
J D Wetherspoon plc has repurchased 278,148 of its ordinary shares at a price of 597 pence per share, in a transaction executed on 25 March 2026 through Investec Bank plc on the London Stock Exchange. The company intends to cancel these shares, wh...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Updates Market on Share Capital and Voting Rights
Neutral
Mar 25, 2026
J D Wetherspoon has updated the market on its total voting rights following the cancellation of 175,856 ordinary shares it had previously repurchased. The company’s issued share capital now stands at 110,096,509 ordinary shares, all carrying...
Executive/Board Changes
Wetherspoon Details Senior Managers’ Share Incentive Plan Vesting
Neutral
Mar 25, 2026
J D Wetherspoon has reported the vesting of an unapproved Share Incentive Plan award granted in March 2023, resulting in the purchase and transfer of shares at £5.68 each, net of tax and National Insurance, to several senior managers’ v...
Business Operations and StrategyStock Buyback
J D Wetherspoon Buys Back and Cancels 200,000 Shares
Positive
Mar 24, 2026
J D Wetherspoon has repurchased 200,000 of its ordinary shares on 23 March 2026 via Investec Bank, paying a volume-weighted average price of 546.125 pence within a trading range of 540 to 550 pence. The company plans to cancel these shares, effect...
Business Operations and StrategyStock Buyback
Wetherspoon Buys Back and Cancels 175,856 Shares in Capital Move
Positive
Mar 23, 2026
J D Wetherspoon has bought back 175,856 of its ordinary shares on 20 March 2026, at prices between 541.66p and 555.00p, with a volume-weighted average of 546.4595p. The repurchased shares, acquired via Investec Bank on the London Stock Exchange, a...
Business Operations and StrategyFinancial Disclosures
Wetherspoon Grows Sales but Profit Hit by Rising Costs and Tax Burden
Negative
Mar 20, 2026
J D Wetherspoon reported interim revenue of £1.09 billion for the 26 weeks to 25 January 2026, up 5.7% year on year, with like-for-like sales 4.8% higher despite operating fewer pubs than before the pandemic. However, profit before tax fell 3...
Business Operations and Strategy
Wetherspoon Urges Simple Tax Fix for U.K. Pubs, Rejects Profit-Based Business Rates
Positive
Mar 17, 2026
J D Wetherspoon chairman Tim Martin has called for the U.K. pub industry to unite behind two simple tax reforms, arguing that pubs are overtaxed and disadvantaged versus supermarkets. He reiterates long-standing support for VAT equality between pu...
Business Operations and StrategyRegulatory Filings and Compliance
Wetherspoon Directors Add Shares Under Employee Partnership Plan
Positive
Mar 13, 2026
J D Wetherspoon has reported routine insider share dealings under its partnership share plan, through which employees buy company stock via monthly salary deductions at the prevailing market price. The scheme, administered by Global Shares Trustee...
Other
Wetherspoon Directors Add Shares Through Employee Partnership Scheme
Neutral
Feb 20, 2026
J D Wetherspoon has reported a series of small share purchases by its directors and senior managers under the company’s partnership share plan. Through Global Shares Trustees, executives including the chief executive, finance director and va...
Business Operations and StrategyExecutive/Board Changes
Wetherspoon grants senior staff new share awards under incentive plan
Positive
Feb 13, 2026
J D Wetherspoon has granted awards over its ordinary shares to directors and other persons discharging managerial responsibilities under its unapproved Share Incentive Plan. The awards, made on 13 February 2026 at nil cost, will vest after three y...
Business Operations and StrategyExecutive/Board Changes
J D Wetherspoon awards shares to directors and senior managers under incentive plan
Positive
Feb 13, 2026
J D Wetherspoon has granted ordinary shares under its approved Share Incentive Plan (SIP) at a price of £7.26 per share to a group of directors, employee directors and other persons discharging managerial responsibilities. Recipients include ...
Business Operations and Strategy
Wetherspoon Urges Pub Sector to Back Radical Tax Cut Plan
Positive
Feb 9, 2026
J D Wetherspoon has urged the wider hospitality industry to rally behind political proposals that would dramatically cut VAT for pubs, bars and restaurants to 10%, alongside future reductions in excise duty and business rates. The company argues t...
Business Operations and StrategyRegulatory Filings and Compliance
Wetherspoon Defends Assistance-Dog Documentation Policy Amid Safety Concerns
Neutral
Feb 9, 2026
J D Wetherspoon has clarified its policy on dogs in its pubs after a BBC report suggested the stance might conflict with equality law. The company says it permits assistance dogs but requires proof of training from Assistance Dogs UK, arguing this...
Regulatory Filings and Compliance
J D Wetherspoon Confirms Updated Share Capital and Voting Rights
Neutral
Feb 2, 2026
J D Wetherspoon plc has confirmed that, as of 2 February 2026, its issued share capital comprises 110,272,365 ordinary shares of £0.02 each, all carrying voting rights, and that it holds no shares in treasury, making the total number of votin...
Regulatory Filings and Compliance
Wetherspoon Finance Director Sells Shares in Regulatory Disclosure
Neutral
Jan 27, 2026
J D Wetherspoon plc has disclosed that its finance director, Ben Whitley, sold 6,931 ordinary shares in the company on 26 January 2026 on the London Stock Exchange at a price of £6.79 per share. The transaction, which prompted an amendment to...
Regulatory Filings and Compliance
Wetherspoon Finance Director Sells 6,931 Shares on London Stock Exchange
Neutral
Jan 27, 2026
J D Wetherspoon plc has disclosed that its finance director, Ben Whitley, sold 6,931 ordinary shares in the company on 26 January 2026 on the London Stock Exchange at a price of £6.79 per share. The transaction, formally notified under market...
Business Operations and StrategyStock BuybackFinancial Disclosures
Wetherspoon Sales Rise but Higher Costs Weigh on Profit Outlook
Negative
Jan 21, 2026
J D Wetherspoon reported a solid rise in like-for-like sales of 4.7% for the 25 weeks to 18 January 2026, with bar and gaming machine revenues leading growth, though hotel room sales edged lower. Strong trading over Christmas and a 5.3% increase i...
Stock BuybackRegulatory Filings and Compliance
J D Wetherspoon Updates Total Voting Rights After Share Cancellations
Neutral
Jan 20, 2026
J D Wetherspoon plc has reduced its share capital through the cancellation of 775,750 ordinary shares previously repurchased on 12–14 January 2026. Following this cancellation, the company’s issued share capital now comprises 110,272,3...
Business Operations and StrategyStock Buyback
J D Wetherspoon Buys Back and Cancels 295,750 Shares
Positive
Jan 15, 2026
J D Wetherspoon plc has repurchased 295,750 of its 2 pence ordinary shares on 14 January 2026 via Investec Bank at a price of 757 pence per share, with a volume-weighted average price matching the trade price. The company plans to cancel these sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.