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: $15.80 to $16.25
• 50-Day Range: $15.80 to $17.98
• 52-Week Range: $14.46 to $21.30
• Volume: 201 shs
• Average Volume: 1,504 shs
• Market Capitalization: $107.58 million
• P/E Ratio: 20.06
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

MHGU Stock Analysis - Frequently Asked Questions

How have MHGU shares performed this year?

Meritage Hospitality Group's stock was trading at $19.50 at the beginning of the year. Since then, MHGU stock has decreased by 19.0% and is now trading at $15.80.
View the best growth stocks for 2024 here.

How were Meritage Hospitality Group's earnings last quarter?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) issued its earnings results on Friday, August, 2nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by $0.04. The business earned $172.36 million during the quarter, compared to analyst estimates of $172.20 million. Meritage Hospitality Group had a net margin of 0.88% and a trailing twelve-month return on equity of 4.80%.

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.
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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), Wendy's (WEN), Calavo Growers (CVGW), Cavco Industries (CVCO), Century Communities (CCS) and BioSpecifics Technologies (BSTC).

Company Calendar

• Ex-Dividend for 7/1 Dividend: 6/14/2024
• Dividend Payable: 7/01/2024
• Last Earnings: 8/02/2024
• Today: 9/19/2024
• 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): $0.81
• Trailing P/E Ratio: 19.51
• Forward P/E Ratio: 11.29
• P/E Growth: N/A
• Net Income: $6.14 million
• Net Margins: 0.88%
• Pretax Margin: 1.05%
• Return on Equity: 4.80%
• Return on Assets: 0.73%

Debt

• Debt-to-Equity Ratio: 1.18
• Current Ratio: 0.30
• Quick Ratio: 0.26

Sales & Book Value

• Annual Sales: $672.49 million
• Price / Sales: 0.16
• Cash Flow: $3.67 per share
• Price / Cash Flow: 4.30
• Book Value: $18.72 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 6,620,000
• Free Float: 2,132,000
• Market Cap: $104.60 million
• Optionable: Not Optionable
• Beta: 0.06