Meritage Hospitality Group Inc. (MHGU)

OTCMKTS · Delayed Price · Currency is USD
15.26
0.00 (0.00%)
Nov 29, 2024, 3:00 PM EST
-20.52%
Market Cap 99.68M
Revenue (ttm) 672.49M
Net Income (ttm) 3.95M
Shares Out 6.62M
EPS (ttm) 0.56
PE Ratio 27.06
Forward PE n/a
Dividend 0.21 (1.40%)
Ex-Dividend Date Jun 14, 2024
Volume n/a
Open 15.26
Previous Close 15.26
Day's Range 15.26 - 15.26
52-Week Range 14.46 - 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]

Industry Restaurants
Founded 1986
Employees 12,000
Stock Exchange OTCMKTS
Ticker Symbol MHGU
Full Company Profile

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 Statements

News

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.

2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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 ...

10 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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 ...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

Meritage Commences Construction on First Taco John's Restaurant Under 50 Unit Development Agreement

GRAND RAPIDS, Mich., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Meritage Hospitality Group, Inc. (OTCQX: MHGU), the nation's premier franchise operator, today announced it has commenced construction on its fir...

2 years ago - GlobeNewsWire