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J D Wetherspoon
(LSE:JDW)
Select Model
Select Model
Rating:69Neutral
Price Target:
932.00 p
â–²(50.69% Upside)
Action:Reiterated
Date:07/03/26
Overall score is supported by strong technical momentum (price above key moving averages with a positive MACD) and improving cash generation. This is tempered by elevated balance-sheet leverage (high debt-to-equity) and only moderate valuation support (P/E 14.09, 1.67% yield).
Positive Factors
Revenue recovery and improving margins
The return to revenue growth and improving margins indicates recovery in trading performance and cost management. Sustained progress could strengthen profitability over the next several quarters, although execution remains important.
Negative Factors
High leverage and low equity buffer
High leverage leaves the business more sensitive to interest costs, weaker trading and unexpected operating pressure. The low equity buffer reduces financial flexibility and may constrain investment or debt reduction during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and improving margins
The return to revenue growth and improving margins indicates recovery in trading performance and cost management. Sustained progress could strengthen profitability over the next several quarters, although execution remains important.
Read all positive factors
J D Wetherspoon (JDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£809.38M
Dividend Yield1.45%
Average Volume (3M)217.41K
Price to Earnings (P/E)16.9
Beta (1Y)1.14
Revenue Growth5.39%
EPS Growth-3.64%
CountryUK
Employees42,043
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.49
Shares Outstanding105,802,130
10 Day Avg. Volume262,421
30 Day Avg. Volume217,410
Financial Highlights & Ratios
PEG Ratio0.27
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
£690.00Price Target Upside11.56% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.5
Revenue Forecast (FY)£2.33B
J D Wetherspoon Business Overview & Revenue Model
Company Description
Established in 1979, J D Wetherspoon plc manages a significant network of 861 pubs and 57 hotels. The company's operations span across the United Kingdom and the Republic of Ireland, with its headquarters located in Watford, UK....
How the Company Makes Money
JDW primarily makes money by selling food and beverages to customers in its company-operated pubs, with revenue recognized at the point of sale. Its core revenue streams are (1) alcoholic beverages (e.g., beer, cider, spirits, and wine), (2) non-a...
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 | 1.17B | 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
Positive
618.50
Price Trends
774.53
Positive
698.73
Positive
691.01
Positive
Market Momentum
17.48
Positive
56.59
Neutral
25.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JDW, the sentiment is Positive. The current price of 618.5 is below the 20-day moving average (MA) of 827.22, below the 50-day MA of 774.53, and below the 200-day MA of 691.01, indicating a bullish trend. The MACD of 17.48 indicates Positive momentum. The RSI at 56.59 is Neutral, neither overbought nor oversold. The STOCH value of 25.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | £384.78M | 18.82 | 5.14% | 2.89% | 5.71% | -19.77% | |
69 Neutral | £809.38M | 16.89 | 15.81% | 1.45% | 5.39% | -3.64% | |
69 Neutral | £1.66B | 9.00 | 6.41% | 2.89% | 2.96% | 9.30% | |
67 Neutral | £804.43M | 13.58 | -69.64% | 5.41% | 5.72% | -21.86% | |
62 Neutral | £474.79M | 18.71 | 3.55% | 2.90% | 4.61% | 186.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | £318.99M | 4.37 | 9.30% | 6.05% | -0.52% | 68.53% |
* Consumer Cyclical Sector Average
GB:JDW
J D Wetherspoon
827.50
158.83
23.75%
GB:DOM
Domino's Pizza
210.80
16.62
8.56%
GB:FSTA
Fuller Smith & Turner
734.00
184.82
33.65%
GB:MARS
Marston's
50.20
13.10
35.31%
GB:MAB
Mitchells & Butlers
279.00
23.50
9.20%
GB:YNGA
Young & Co'S Brewery
842.00
54.09
6.86%
J D Wetherspoon Corporate Events
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels Newly Repurchased Shares
Positive
Aug 27, 2026
J D Wetherspoon has repurchased 55,000 of its ordinary shares at a price of 845 pence each via Investec Bank on 26 August 2026, with all trades executed on the London Stock Exchange. The company plans to cancel these shares, reducing its share cap...
Business Operations and StrategyExecutive/Board Changes
Wetherspoon Grants Share Awards to Senior Management Under Incentive Plan
Positive
Aug 19, 2026
J D Wetherspoon has granted new awards of ordinary shares under its unapproved Share Incentive Plan to a group of directors, employee directors and other persons discharging managerial responsibilities. The awards, made on 14 August and completed ...
Business Operations and StrategyExecutive/Board Changes
Wetherspoon awards new shares to senior staff under incentive plan
Positive
Aug 19, 2026
J D Wetherspoon has granted new shares to directors, employee directors and other senior managers under its approved Share Incentive Plan, with awards completed on 19 August 2026 at a price of £8.15 per ordinary share. The allocations, which ...
Business Operations and StrategyRegulatory Filings and Compliance
Wetherspoon Directors Add Shares Through Employee Partnership Scheme
Positive
Aug 17, 2026
J D Wetherspoon has reported that several directors and other persons discharging managerial responsibilities acquired small amounts of company shares under its partnership share plan. The shares, purchased on 14 August 2026 at around 829.26 pence...
Regulatory Filings and Compliance
J D Wetherspoon Reports Director-Related Share Sale
Neutral
Aug 13, 2026
J D Wetherspoon plc disclosed a director-related share dealing involving a person closely associated with operations director Martin Geoghegan. The transaction notification, made under market disclosure rules, highlights governance procedures arou...
Business Operations and StrategyRegulatory Filings and Compliance
Wetherspoon Confirms Total Voting Rights After Share Capital Update
Neutral
Aug 3, 2026
J D Wetherspoon plc, a major U.K. pub and hospitality chain, operates a wide network of pubs and bars with a focus on affordable food and drink for mainstream customers. Its shares are publicly traded, giving it a diverse investor base that is sub...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Updates Market After Cancelling Repurchased Shares
Positive
Jul 29, 2026
J D Wetherspoon plc has updated the market on its share capital and voting rights after cancelling ordinary shares previously repurchased on 22 and 24 July 2026. The cancellations reduce the number of outstanding shares and clarify the current vot...
Business Operations and StrategyFinancial Disclosures
Wetherspoon Rebuts FT Claims on Gambling Machine Profits
Positive
Jul 27, 2026
J D Wetherspoon has issued a detailed rebuttal to a Financial Times article suggesting the pub group might make more money from gambling machines than from food or drink. The company states that fruit machines accounted for just 3.4 per cent of sa...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels 308,613 Shares After Targeted Buyback
Positive
Jul 27, 2026
J D Wetherspoon plc has repurchased 308,613 ordinary shares at a volume-weighted average price of 714.2455 pence per share on 24 July 2026 through Investec Bank plc. The company plans to cancel these shares, effectively reducing its share capital ...
Business Operations and StrategyStock BuybackShareholder Meetings
Wetherspoon Shareholders Approve New Buyback Authority and Takeover Waiver
Positive
Jul 23, 2026
J D Wetherspoon plc, a major pub operator across the U.K. and Ireland, specialises in affordable food and drink served by trained staff in individually designed, well-maintained venues. The company’s value-focused model positions it as a sig...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels 250,000 Shares After Targeted Buyback
Positive
Jul 23, 2026
J D Wetherspoon has repurchased 250,000 of its ordinary shares at a volume-weighted average price of 684.1712 pence, with trades executed on 22 July 2026 through Investec Bank on the London Stock Exchange. The company plans to cancel these shares,...
Business Operations and StrategyStock BuybackFinancial Disclosures
Wetherspoon warns on profits despite sales growth and estate investment
Negative
Jul 22, 2026
J D Wetherspoon has issued a corrected pre-close trading update, confirming that like-for-like sales rose 4.0% in the 12 weeks to 19 July 2026 and 4.2% year to date. The group opened eight pubs and sold nine, expanded its franchised estate to 23 s...
Business Operations and StrategyStock BuybackFinancial Disclosures
Wetherspoon warns on profits despite steady sales growth
Negative
Jul 22, 2026
J D Wetherspoon reported like-for-like sales growth of around 4% for the year to date, opened eight pubs while selling nine, and now operates 793 managed pubs alongside a growing franchised estate of 23 sites. The company has been active in capita...
Business Operations and StrategyRegulatory Filings and Compliance
Wetherspoon directors add shares under employee partnership plan
Positive
Jul 16, 2026
J D Wetherspoon has disclosed a series of small share purchases by senior executives and employee directors under its partnership share plan, in which staff buy ordinary shares through monthly salary deductions at the prevailing market price. On 1...
Stock BuybackRegulatory Filings and ComplianceShareholder Meetings
J D Wetherspoon Calls General Meeting on Rule 9 Waiver and Share Buyback Authority
Neutral
Jul 3, 2026
J D Wetherspoon plc has issued a shareholder circular outlining a proposed Rule 9 waiver and seeking a new authority to make market purchases of its ordinary shares. The company has called a general meeting for 23 July 2026, where shareholders wil...
Regulatory Filings and Compliance
Wetherspoon Confirms Updated Share Capital and Voting Rights
Neutral
Jul 1, 2026
J D Wetherspoon has confirmed that, as of 1 July 2026, its issued share capital comprises 106,640,747 ordinary shares of £0.02 each, all carrying voting rights. The company holds no shares in treasury, meaning the total number of voting right...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Updates Market on Share Capital After Share Cancellation
Neutral
Jun 30, 2026
Wetherspoon has updated the market on its share capital and voting rights following the cancellation of 108,000 ordinary shares that were previously repurchased in June 2026. After this cancellation, the company’s issued share capital now co...
Regulatory Filings and Compliance
J D Wetherspoon discloses share sale by associate employee director
Neutral
Jun 29, 2026
J D Wetherspoon reported that associate employee director Will Fotheringham sold 1,366 ordinary shares in the company on 29 June 2026. The transaction, executed on the London Stock Exchange at £6.92 per share, was disclosed under market abuse...
Stock BuybackRegulatory Filings and Compliance
J D Wetherspoon Cuts Share Capital After Cancelling Repurchased Shares
Neutral
Jun 23, 2026
J D Wetherspoon has reduced its share capital by cancelling 207,223 ordinary shares that it had previously repurchased on the market between 17 and 19 June 2026. Following this cancellation, the company’s issued share capital stands at 106,7...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels 108,000 Shares After Buyback
Positive
Jun 23, 2026
J D Wetherspoon has executed a share buyback, purchasing 108,000 ordinary shares on 22 June 2026 via Investec Bank at a volume-weighted average price of 653.7824 pence. The company intends to cancel these shares, reducing its share count and poten...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cuts Share Capital with Targeted Buyback
Positive
Jun 22, 2026
J D Wetherspoon plc has repurchased 50,000 of its ordinary shares at a price of 656 pence per share through Investec Bank, with all trades executed on the London Stock Exchange’s XLON venue. The company intends to cancel these shares, effect...
Business Operations and StrategyStock Buyback
J D Wetherspoon cancels latest tranche of share buybacks
Positive
Jun 19, 2026
J D Wetherspoon has continued its capital management strategy with the repurchase of 132,223 ordinary shares on 18 June 2026, executed via Investec Bank at prices between 660p and 663p, for a volume-weighted average of 662.8361p. The transaction t...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels 25,000 Shares After Buyback
Positive
Jun 18, 2026
J D Wetherspoon has repurchased 25,000 of its own ordinary shares at a price of 654.05 pence per share, via Investec Bank, and intends to cancel the shares. The move marginally reduces the company’s share capital, which can enhance earnings ...
Other
Wetherspoon Directors Add Shares Through Employee Partnership Plan
Neutral
Jun 17, 2026
J D Wetherspoon has reported routine share purchases by several board members and senior managers under its employee partnership share plan. The plan allows staff to buy ordinary shares through monthly salary deductions at the prevailing market pr...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Cancels 403,611 Shares, Updates Total Voting Rights
Neutral
Jun 11, 2026
J D Wetherspoon has cancelled 403,611 ordinary shares that it had previously repurchased on several dates in early June 2026, as disclosed under the U.K. Disclosure Guidance and Transparency Rules. Following this cancellation, the company’s ...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels Shares After Targeted Buyback
Positive
Jun 8, 2026
J D Wetherspoon has bought back 97,902 of its ordinary shares at prices between 623p and 625p, at a volume-weighted average price of 624.9145p, in transactions executed on the London Stock Exchange by Investec Bank. The company plans to cancel the...
Business Operations and StrategyStock Buyback
J D Wetherspoon Cancels 114,745 Shares After Targeted Buyback
Positive
Jun 3, 2026
J D Wetherspoon plc has bought back 114,745 of its ordinary shares at prices between 615p and 620p, at a volume-weighted average price of 619.36p, via Investec Bank on 2 June 2026. The company plans to cancel these shares, reducing its share capit...
Stock BuybackRegulatory Filings and Compliance
Wetherspoon Cuts Share Count After Cancelling 171,021 Repurchased Shares
Neutral
Jun 2, 2026
J D Wetherspoon has cancelled 171,021 ordinary shares that it had previously repurchased on 26, 27 and 28 May 2026, as part of its ongoing capital management activities. Following this cancellation, the company’s issued share capital now sta...
Business Operations and StrategyStock Buyback
Wetherspoon Buys Back and Cancels 190,964 Shares in Capital Move
Positive
Jun 2, 2026
J D Wetherspoon has bought back 190,964 of its ordinary shares on 1 June 2026 via Investec Bank at prices between 620p and 630p, with a volume-weighted average price of 623.93p on the London Stock Exchange. The company plans to cancel these shares...
Regulatory Filings and Compliance
Wetherspoon Confirms Total Voting Rights at 107.5 Million Shares
Neutral
Jun 1, 2026
J D Wetherspoon plc has confirmed that, as of 1 June 2026, its issued share capital comprises 107,530,602 ordinary shares of £0.02 each, all carrying voting rights. The company holds no shares in treasury, so the total number of voting rights...
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.