Should I buy or sell Meritage Hospitality Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meritage Hospitality Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MHGU shares. View MHGU analyst ratings or view top-rated stocks .

What is Meritage Hospitality Group's stock price target for 2024?

1 equities research analysts have issued 12 month target prices for Meritage Hospitality Group's stock. Their MHGU share price targets range from $24.00 to $24.00. On average, they anticipate the company's stock price to reach $24.00 in the next year. This suggests a possible upside of 25.0% from the stock's current price. View analysts price targets for MHGU or view top-rated stocks among Wall Street analysts .

How have MHGU shares performed in 2023?

Meritage Hospitality Group's stock was trading at $19.25 at the beginning of 2023. Since then, MHGU shares have decreased by 0.3% and is now trading at $19.20. View the best growth stocks for 2023 here .

Are investors shorting Meritage Hospitality Group?

Meritage Hospitality Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 600 shares, a decline of 33.3% from the October 31st total of 900 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1.5 days. View Meritage Hospitality Group's Short Interest .

How often does Meritage Hospitality Group pay dividends? What is the dividend yield for Meritage Hospitality Group?

Meritage Hospitality Group announced a dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be given a dividend of $0.06 per share on Monday, January 1st. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for MHGU .

What other stocks do shareholders of Meritage Hospitality Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Hospitality Group investors own include Aruba Networks (ARUN) , Wendy's (WEN) , Calavo Growers (CVGW) , Cavco Industries (CVCO) , Century Communities (CCS) , BioSpecifics Technologies (BSTC) , Boot Barn (BOOT) , ASGN (ASGN) and Allied Motion Technologies (AMOT) .

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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

$19.20

0.00 (0.00%)

(As of 12/1/2023 ET)

Compare

Today's Range: $19.20
▼
$19.20
50-Day Range: $18.05
▼
$21.30
52-Week Range: $17.00
▼
$21.30

Volume: N/A
Average Volume: 203 shs
Market Capitalization: $125.18 million

P/E Ratio: 53.33
Dividend Yield: N/A
Price Target: $24.00

Stock Analysis Analyst Forecasts Chart Dividend Earnings Financials Headlines SEC Filings Short Interest

Meritage Hospitality Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 25.0% Upside
$24.00 Price Target
Short Interest: Healthy
0.01% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.50
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.75%
From $1.29 to $1.39 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Meritage Hospitality Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, Meritage Hospitality Group has a forecasted upside of 25.0% from its current price of $19.20.
Amount of Analyst Coverage
Meritage Hospitality Group has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.01% 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 1.5, 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 33.33%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MHGU.

1.9

News and Social Media Coverage

News Sentiment
Meritage Hospitality Group has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Meritage Hospitality Group this week, compared to 0 articles on an average week.

1.7

Company Ownership

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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Meritage Hospitality Group are expected to grow by 7.75% in the coming year, from $1.29 to $1.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meritage Hospitality Group is 53.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meritage Hospitality Group is 53.33, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 19.90.
Price to Book Value per Share Ratio
Meritage Hospitality Group has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Meritage Hospitality Group Stock (OTCMKTS:MHGU)

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. 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.

MHGU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MHGU Stock News Headlines

November 30, 2023 | msn.com

Why Is Meritage (MTH) Up 15.4% Since Last Earnings Report?

November 8, 2023 | msn.com

Meritage Hospitality Group declares $0.06 specia; dividend

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 8, 2023 | finance.yahoo.com

Meritage Announces Fourth Quarter Dividend: Margin Improvements Forecasted In 2024

October 31, 2023 | msn.com

Meritage (MTH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

October 26, 2023 | msn.com

Western Midstream: Meritage Acquisition Should Drive Growth

October 21, 2023 | finanznachrichten.de

Meritage Hospitality Group, Inc.: Meritage Reports Third Quarter 2023 Results Operating Margin Improvements Ahead

October 20, 2023 | news.yahoo.com

Terrell Suggs to join Ravens Ring of Honor, live reveal of Meritage vase

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 20, 2023 | msn.com

Meritage Hospitality Group reports Q3 results

October 20, 2023 | finance.yahoo.com

Meritage Reports Third Quarter 2023 Results Operating Margin Improvements Ahead

October 17, 2023 | seekingalpha.com

BurgerFi strategically acquires two franchise restaurants in South Florida

October 16, 2023 | msn.com

Western Midstream completes acquisition of Meritage Midstream

September 7, 2023 | msn.com

Western Midstream (WES) Buys Meritage, Fortifies Portfolio

August 17, 2023 | finanznachrichten.de

Meritage Hospitality Group, Inc.: Meritage Announces Third Quarter Dividend: and 7 Brew Coffee Development Opportunity

August 16, 2023 | msn.com

Meritage Hospitality Group declares $0.09 dividend

August 16, 2023 | finance.yahoo.com

Meritage Announces Third Quarter Dividend: and 7 Brew Coffee Development Opportunity

July 23, 2023 | msn.com

Meritage - Not An Investment Opportunity

July 18, 2023 | msn.com

Trader Joe's Reserve Meritage North Coast Lot 232 Review

July 14, 2023 | finance.yahoo.com

Meritage Reports Second Quarter 2023 Results; Continued Solid Growth Ahead

June 13, 2023 | barrons.com

Meritage Hospitality Group Inc. Conv. Pfd. Series B

May 10, 2023 | finance.yahoo.com

Meritage Reports Acquisition of 25 Wendy’s Restaurants in North Carolina & Virgina

April 21, 2023 | msn.com

Will Meritage (MTH) Beat Estimates Again in Its Next Earnings Report?

April 15, 2023 | finanznachrichten.de

Meritage Hospitality Group, Inc.: Meritage Reports First Quarter 2023 Results; Strong Sales Growth Ahead

April 14, 2023 | finance.yahoo.com

Meritage Reports First Quarter 2023 Results; Strong Sales Growth Ahead

April 4, 2023 | msn.com

Trader Joe's Platinum Reserve Rutherford Meritage Lot 100 Review

February 24, 2023 | benzinga.com

Delfosse Vineyards and Winery Wins 2023 Virginia Governor's Cup® for the 2021 Screaming Hawk Meritage

See More Headlines

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Company Calendar

Ex-Dividend for 10/1 Dividend: 9/14/2023
Dividend Payable: 10/01/2023
Today: 12/03/2023
Ex-Dividend for 1/1 Dividend: 12/14/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Eating places
Sub-Industry: N/A
Sector: Retail/Wholesale
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: 11,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.00
High Stock Price Target: $24.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +25.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 53.33
Forward P/E Ratio: 14.88
P/E Growth: N/A
Net Income: $8.48 million
Net Margins: 0.57%
Pretax Margin: 0.49%
Return on Equity: 3.17%
Return on Assets: 0.47%

Debt

Debt-to-Equity Ratio: 1.37
Current Ratio: 0.35
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $626.04 million
Price / Sales: 0.20
Cash Flow: $4.08 per share
Price / Cash Flow: 4.71
Book Value: $18.82 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 6,520,000
Free Float: 2,098,000
Market Cap: $125.18 million
Optionable: Not Optionable
Beta: 0.10

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Key Executives

Mr. Robert E. Schermer Jr. (Age 64)
CEO & Director
Comp: $1.8M
Mr. Gary A. Rose (Age 60)
President, COO & Director
Comp: $1.76M
Ms. Tracey A. Smith (Age 48)
CFO, VP, Secretary & Treasurer
Comp: $809.22k
Dayna Krug
Director of Accounting
Mr. Robert H. Potts (Age 69)
General Counsel
Susie Schulz
Director of Operations Support & Marketing
Mr. Jeff VanHaitsma
Vice President of Human Resources
Mr. Greg Corr
Executive Vice President of Wendy's Operations

Key Competitors

View All Competitors

MHGU Stock Analysis - Frequently Asked Questions

Should I buy or sell Meritage Hospitality Group stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meritage Hospitality Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MHGU shares.
View MHGU analyst ratings or view top-rated stocks.
What is Meritage Hospitality Group's stock price target for 2024?: 1 equities research analysts have issued 12 month target prices for Meritage Hospitality Group's stock. Their MHGU share price targets range from $24.00 to $24.00. On average, they anticipate the company's stock price to reach $24.00 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for MHGU or view top-rated stocks among Wall Street analysts.
How have MHGU shares performed in 2023?: Meritage Hospitality Group's stock was trading at $19.25 at the beginning of 2023. Since then, MHGU shares have decreased by 0.3% and is now trading at $19.20.
View the best growth stocks for 2023 here.
Are investors shorting Meritage Hospitality Group?: Meritage Hospitality Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 600 shares, a decline of 33.3% from the October 31st total of 900 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1.5 days.
View Meritage Hospitality Group's Short Interest.

How often does Meritage Hospitality Group pay dividends? What is the dividend yield for Meritage Hospitality Group?: Meritage Hospitality Group announced a dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be given a dividend of $0.06 per share on Monday, January 1st. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for MHGU.
What other stocks do shareholders of Meritage Hospitality Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Hospitality Group investors own include Aruba Networks (ARUN), Wendy's (WEN), Calavo Growers (CVGW), Cavco Industries (CVCO), Century Communities (CCS), BioSpecifics Technologies (BSTC), Boot Barn (BOOT), ASGN (ASGN) and Allied Motion Technologies (AMOT).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (OTCMKTS:MHGU) was last updated on 12/3/2023 by MarketBeat.com Staff

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