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

1 Wall Street 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 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 brokers have issued twelve-month price targets 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 share price to reach $24.00 in the next year. This suggests a possible upside of 33.8% 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 at the start of the year. Since then, MHGU stock has decreased by 8.0% and is now trading at $17.9315. View the best growth stocks for 2024 here .

Are investors shorting Meritage Hospitality Group?

Meritage Hospitality Group saw a increase in short interest in 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 daily 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 announced a dividend on Tuesday, November 7th. Shareholders 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:MHGU

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

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$17.93

-0.04 (-0.22%)

(As of 04/18/2024 ET)

Compare

Today's Range: $17.51
▼
$17.93
50-Day Range: $17.60
▼
$18.70
52-Week Range: $17.00
▼
$21.30

Volume: 200 shs
Average Volume: 1,838 shs
Market Capitalization: $118.35 million

P/E Ratio: 149.44
Dividend Yield: N/A
Price Target: $24.00

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

Get Meritage Hospitality Group alerts:

Meritage Hospitality Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 33.8% Upside
$24.00 Price Target
Short Interest: Healthy
0.00% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.70
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 24.68%
From $0.77 to $0.96 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.

3.40 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.
Amount of Analyst Coverage
Meritage Hospitality Group has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.00% 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 0.1, 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 increased by 200.00%, indicating that investor sentiment is decreasing 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.

2.6

News and Social Media Coverage

News Sentiment
Meritage Hospitality Group has a news sentiment score of 0.70. 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 is a higher news sentiment than the 0.48 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 4 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Meritage Hospitality Group are expected to grow by 24.68% in the coming year, from $0.77 to $0.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meritage Hospitality Group is 149.44, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meritage Hospitality Group is 149.44, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.65.
Price to Book Value per Share Ratio
Meritage Hospitality Group has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MHGU Stock News Headlines

April 13, 2024 | finanznachrichten.de

Meritage Hospitality Group, Inc.: Meritage Reports First Quarter 2024 Results; Strong Earnings Growth

April 12, 2024 | globenewswire.com

Meritage Reports First Quarter 2024 Results; Strong Earnings Growth

April 18, 2024 | DTI (Ad)

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April 2, 2024 | finance.yahoo.com

The Meritage Resort and Spa Unveils $25 Million Reimagination

March 30, 2024 | msn.com

Outlander Meritage Red Wine From Aldi - A Friendly Blend

March 7, 2024 | msn.com

Noodles' drop in sales drives company to a loss

February 20, 2024 | msn.com

Meritage reports 5.3% rise in Q4 prelim sales

February 20, 2024 | finance.yahoo.com

Meritage Reports 2023 Full-Year Preliminary Results; 2024 Outlook: Accelerated Earnings Growth

April 18, 2024 | DTI (Ad)

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February 20, 2024 | globenewswire.com

Meritage Reports 2023 Full-Year Preliminary Results; 2024 Outlook: Accelerated Earnings Growth

February 17, 2024 | seekingalpha.com

MHGU Meritage Hospitality Group Inc.

February 7, 2024 | markets.businessinsider.com

KBW Reaffirms Their Hold Rating on Meritage (MTH)

February 1, 2024 | markets.businessinsider.com

Maintaining Hold on Meritage: Balancing Solid Order Growth with Margin Pressures and Market Uncertainties

February 1, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: eBay (EBAY), Meritage (MTH) and Mercadolibre (MELI)

January 26, 2024 | finance.yahoo.com

Wall Street's Insights Into Key Metrics Ahead of Meritage (MTH) Q4 Earnings

December 13, 2023 | msn.com

Meritage Hospitality Group, Inc.B goes ex dividend tomorrow

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

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

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

See More Headlines

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Company Calendar

Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Retail/Wholesale
Industry: Eating places
Sub-Industry: N/A
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

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: +33.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.12
Trailing P/E Ratio: 149.76
Forward P/E Ratio: 23.34
P/E Growth: N/A
Net Income: $6.14 million
Net Margins: 0.91%
Pretax Margin: 1.03%
Return on Equity: 5.16%
Return on Assets: 0.76%

Debt

Debt-to-Equity Ratio: 1.35
Current Ratio: 0.29
Quick Ratio: 0.24

Sales & Book Value

Annual Sales: $672.49 million
Price / Sales: 0.18
Cash Flow: $3.74 per share
Price / Cash Flow: 4.80
Book Value: $18.72 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 6,600,000
Free Float: 2,125,000
Market Cap: $118.60 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

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 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 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 brokers have issued twelve-month price targets 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 share price to reach $24.00 in the next year. This suggests a possible upside of 33.8% 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 at the start of the year. Since then, MHGU stock has decreased by 8.0% and is now trading at $17.9315.
View the best growth stocks for 2024 here.
Are investors shorting Meritage Hospitality Group?: Meritage Hospitality Group saw a increase in short interest in 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 daily 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 announced a dividend on Tuesday, November 7th. Shareholders 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:MHGU) was last updated on 4/18/2024 by MarketBeat.com Staff

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