Meritage Hospitality Group Inc. (MHGU)
Market Cap | 95.01M |
Revenue (ttm) | 672.49M |
Net Income (ttm) | 3.95M |
Shares Out | 6.64M |
EPS (ttm) | 0.56 |
PE Ratio | 25.71 |
Forward PE | 12.88 |
Dividend | 0.21 (1.47%) |
Ex-Dividend Date | Jun 14, 2024 |
Volume | 5,700 |
Open | 13.76 |
Previous Close | 14.50 |
Day's Range | 13.71 - 14.90 |
52-Week Range | 13.30 - 19.50 |
Beta | n/a |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Feb 19, 2025 |
About 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. i... [Read more]
Financial Performance
In 2023, MHGU's revenue was $672.49 million, an increase of 7.42% compared to the previous year's $626.04 million. Earnings were $3.95 million, a decrease of -38.81%.
Financial StatementsNews
Meritage Hospitality to Present at the Small Cap Growth Virtual Investor Conference December 5th
Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com Company invites individual and institutional investors, as ...
Meritage Hospitality Group reports Q3 results
Meritage Hospitality Group (MHGU) reports Q3 revenue miss of $10M, net loss of $1.8M, and a decrease in EBITDA to $6.3M compared to last year.
Meritage Reports Third Quarter 2024 Results Sales & Operating Margin Growth Ahead
GRAND RAPIDS, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the third quarter a...
Meritage Reports Second Quarter 2024 Results; Continued Earnings Growth Ahead
GRAND RAPIDS, Mich., July 12, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the second quarter e...
UPDATE – Meritage Announces Annual Meeting Results And Second Quarter Dividend
GRAND RAPIDS, Mich., May 24, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today during the Annual Shareholders Meeting, th...
Meritage Announces Annual Meeting Results And Second Quarter Dividend
GRAND RAPIDS, Mich., May 21, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today during the Annual Shareholders Meeting, th...
Meritage Reports First Quarter 2024 Results; Strong Earnings Growth
GRAND RAPIDS, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the first quarter e...
Meritage Reports 2023 Full-Year Preliminary Results; 2024 Outlook: Accelerated Earnings Growth
GRAND RAPIDS, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise restaurant operator, today reported preliminary financial results ...
Meritage Announces Fourth Quarter Dividend: Margin Improvements Forecasted In 2024
GRAND RAPIDS, Mich., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today the Company's Board of Directors approved...
Meritage Reports Third Quarter 2023 Results Operating Margin Improvements Ahead
GRAND RAPIDS, Mich., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the third quarter an...
Meritage Announces Third Quarter Dividend: and 7 Brew Coffee Development Opportunity
GRAND RAPIDS, Mich., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today the Company's Board of Directors approved...
Meritage Reports Second Quarter 2023 Results; Continued Solid Growth Ahead
GRAND RAPIDS, Mich., July 14, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the second quarter e...
Meritage Announces Annual Meeting Results and Second Quarter Dividend
GRAND RAPIDS, Mich., May 16, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today during the Annual Shareholders Meeting, th...
Meritage Reports Acquisition of 25 Wendy's Restaurants in North Carolina & Virgina
GRAND RAPIDS, Mich., May 10, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, announced today that it has acquired an additional 25 Wend...
Meritage Reports First Quarter 2023 Results; Strong Sales Growth Ahead
GRAND RAPIDS, Michigan, April 14, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the first quarte...
Meritage Reports 2022 Full-Year Preliminary Results; 2023 Outlook: Transformational Growth Ahead
GRAND RAPIDS, Mich., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise restaurant operator, today reported preliminary financial results f...
UPDATE -- Meritage Enters Agreement to Acquire Large Wendy's Restaurant Portfolio
GRAND RAPIDS, Mich., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company has entered into a defin...
Meritage Enters Agreement to Acquire Large Wendy's Restaurant Portfolio
GRAND RAPIDS, Mich., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company has entered into a defin...
MERITAGE ANNOUNCES COMMON STOCK DIVIDEND
GRAND RAPIDS, Mich., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company's Board of Directors app...
Meritage Opens First Taco John's Restaurant Under 50 Unit Development Agreement
GRAND RAPIDS, Mich., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group, Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced it has commenced operation of its first ...
Meritage Announces Addition of John Inwright to Board of Directors
GRAND RAPIDS, Mich., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company's Board of Directors app...
Meritage Commences Construction on First Ohio Taco John's Restaurant Under 50 Unit Development Agreement
GRAND RAPIDS, Mich., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group, Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced it has commenced construction on store n...
Meritage Reports Third Quarter 2022 Results; Solid Sales and New Store Momentum
GRAND RAPIDS, Mich., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today reported financial results for the third quarter an...
Wendy's International Recognizes Meritage Hospitality Group With National Monument Award
GRAND RAPIDS, Mich., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company was awarded the Wendy's...
Meritage Announces Third Quarter Common Stock Dividend and Increased Repurchase Authorization
GRAND RAPIDS, Mich., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced that the Company's Board of Directors app...