OTCMKTS:MHGU

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

$17.50
-0.20 (-1.13%)
(As of 04/26/2024 ET)
Today's Range
$17.50
$17.98
50-Day Range
$17.50
$18.70
52-Week Range
$17.00
$21.30
Volume
8,069 shs
Average Volume
969 shs
Market Capitalization
$115.50 million
P/E Ratio
145.85
Dividend Yield
N/A
Price Target
$24.00

Meritage Hospitality Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
37.1% Upside
$24.00 Price Target
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.20mentions of Meritage Hospitality Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.97%
From $0.77 to $0.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.14 out of 5 stars

MHGU stock logo

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. 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.

MHGU Stock Price History

MHGU Stock News Headlines

Meritage: Q1 Earnings Snapshot
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MHGU Meritage Hospitality Group Inc.
KBW Reaffirms Their Hold Rating on Meritage (MTH)
See More Headlines
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Company Calendar

Today
4/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
N/A
Current Symbol
OTCMKTS:MHGU
Previous Symbol
NASDAQ:MHGU
Employees
12,000
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
+37.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$6.14 million
Pretax Margin
1.03%

Debt

Sales & Book Value

Annual Sales
$672.49 million
Cash Flow
$3.82 per share
Book Value
$18.72 per share

Miscellaneous

Free Float
2,125,000
Market Cap
$115.50 million
Optionable
Not Optionable
Beta
0.08
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Key Executives

  • Mr. Robert E. Schermer Jr. (Age 65)
    CEO & Director
    Comp: $1.8M
  • Mr. Gary A. Rose (Age 61)
    President, COO & Director
    Comp: $1.76M
  • Ms. Tracey A. Smith (Age 49)
    CFO, VP, Secretary & Treasurer
    Comp: $809.22k
  • Dayna Krug
    Director of Accounting
  • Mr. Robert H. Potts (Age 70)
    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

MHGU Stock Analysis - Frequently Asked Questions

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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meritage Hospitality Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 1 year price objectives for Meritage Hospitality Group's stock. Their MHGU share price targets range from $24.00 to $24.00. On average, they expect the company's stock price to reach $24.00 in the next year. This suggests a possible upside of 37.1% 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 2024?

Meritage Hospitality Group's stock was trading at $19.50 on January 1st, 2024. Since then, MHGU stock has decreased by 10.3% and is now trading at $17.50.
View the best growth stocks for 2024 here
.

Are investors shorting Meritage Hospitality Group?

Meritage Hospitality Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 300 shares, an increase of 200.0% from the March 15th total of 100 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is presently 0.1 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 declared a dividend on Tuesday, November 7th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.06 per share on Monday, January 1st. The ex-dividend date 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:MHGU) was last updated on 4/27/2024 by MarketBeat.com Staff

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