Meritage Hospitality Group (MHGU) Stock Price, News & Analysis

Company Overview

Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Taco John's brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. It is also involved in franchising activities. The company was formerly known as Thomas Edison Inns, Inc. and changed its name to Meritage Hospitality Group Inc. in May 1996. Meritage Hospitality Group Inc. was incorporated in 1986 and is based in Grand Rapids, Michigan.

Key Stats

• Today's Range: $13.30 to $14.90
• 50-Day Range: $14.45 to $16.00
• 52-Week Range: $13.30 to $19.50
• Volume: 1,585 shs
• Average Volume: 1,515 shs
• Market Capitalization: $96.34 million
• P/E Ratio: 60.42
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Meritage Hospitality Group Stock Analysis - MarketRank™

Meritage Hospitality Group scored higher than 41% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Meritage Hospitality Group.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Meritage Hospitality Group is 60.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.

Price to Earnings Ratio vs. Sector

The P/E ratio of Meritage Hospitality Group is 60.42, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 109.00.

Price to Book Value per Share Ratio

Meritage Hospitality Group has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.00% of the outstanding shares of Meritage Hospitality Group have been sold short.

Short Interest Ratio / Days to Cover

Meritage Hospitality Group has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meritage Hospitality Group has recently decreased by 75.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Meritage Hospitality Group does not currently pay a dividend.

Dividend Growth

Meritage Hospitality Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Meritage Hospitality Group is 83.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.00% of the outstanding shares of Meritage Hospitality Group have been sold short.

Short Interest Ratio / Days to Cover

Meritage Hospitality Group has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meritage Hospitality Group has recently decreased by 75.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.28

News Sentiment

Meritage Hospitality Group has a news sentiment score of -0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Meritage Hospitality Group this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for MHGU on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Meritage Hospitality Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

67.80% of the stock of Meritage Hospitality Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

MHGU Stock Analysis - Frequently Asked Questions

How have MHGU shares performed this year?

Meritage Hospitality Group's stock was trading at $19.50 on January 1st, 2024. Since then, MHGU shares have decreased by 25.6% and is now trading at $14.50.
View the best growth stocks for 2024 here.

How were Meritage Hospitality Group's earnings last quarter?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) released its quarterly earnings results on Monday, November, 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by $0.83. The business earned $164.85 million during the quarter, compared to analysts' expectations of $181.50 million. Meritage Hospitality Group had a net margin of 0.62% and a trailing twelve-month return on equity of 3.38%.

How do I buy shares of Meritage Hospitality Group?

Shares of MHGU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Meritage Hospitality Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Meritage Hospitality Group investors own include Aruba Networks (ARUN), Boot Barn (BOOT), Adverum Biotechnologies (ADVM), APi Group (APG), Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM) and G1 Therapeutics (GTHX).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Retail/Wholesale
• Industry: Eating places
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: OTCMKTS:MHGU
• Previous Symbol: NASDAQ:MHGU
• CUSIP: N/A
• CIK: 808219
• Web: www.meritagehospitality.com
• Phone: (616) 776-2600
• Fax: 616-776-2776
• Employees: 12,000
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.24
• Trailing P/E Ratio: 60.42
• Forward P/E Ratio: 10.36
• P/E Growth: N/A
• Net Income: $6.14 million
• Net Margins: 0.62%
• Pretax Margin: 0.72%
• Return on Equity: 3.38%
• Return on Assets: 0.52%

Debt

• Debt-to-Equity Ratio: 1.23
• Current Ratio: 0.26
• Quick Ratio: 0.22

Sales & Book Value

• Annual Sales: $672.49 million
• Price / Sales: 0.14
• Cash Flow: $3.79 per share
• Price / Cash Flow: 3.83
• Book Value: $18.72 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 6,644,000
• Free Float: 2,133,000
• Market Cap: $96.34 million
• Optionable: Not Optionable
• Beta: 0.04