Meritage Hospitality Group Inc

(OTCQX:MHGU)

Latest On Meritage Hospitality Group Inc (MHGU):

Date/Time Type Description Signal Details
2023-12-14 05:16 ESTDividendA dividend of $0.06 has been announced on Nov 7, 2023. It will be paid Jan 1, 2024 with an ex-dividend date of Dec 14, 2023.Neutral
2023-09-14 06:17 ESTDividendA dividend of $0.09 has been announced on Aug 16, 2023. It will be paid Oct 1, 2023 with an ex-dividend date of Sep 14, 2023.Neutral
2023-06-14 06:17 ESTDividendA dividend of $0.03 has been announced on May 16, 2023. It will be paid Jul 1, 2023 with an ex-dividend date of Jun 14, 2023.Neutral
2023-05-16 23:48 ESTNewsMeritage Hospitality Group declares $0.03 dividendN/A
2022-12-23 05:13 ESTDividendA dividend of $0.06 has been announced on Dec 14, 2022. It will be paid Jan 12, 2023 with an ex-dividend date of Dec 23, 2022.Neutral
2022-12-21 00:40 ESTNewsMeritage Enters to acquire large Wendy’s restaurant portfolioN/A
2022-12-16 16:54 ESTNewsMeritage Hospitality Group halves dividend to $0.06N/A
2022-12-15 22:49 ESTNewsMeritage Hospitality Group dividend declines by 50% to $0.06N/A
2022-10-19 04:46 ESTNewsMeritage Hospitality Group reports Q3 results; forecasts long-term strong sales growthN/A
2022-09-14 06:16 ESTDividendA dividend of $0.12 has been announced on Aug 8, 2022. It will be paid Oct 1, 2022 with an ex-dividend date of Sep 14, 2022.Neutral
2022-08-08 17:38 ESTNewsMeritage Hospitality Group declares $0.12 dividend and increased repurchase by 1M sharesN/A
2022-07-14 17:30 ESTNewsMeritage acquires six Wendy’s restaurants located in Jacksonville, Florida; expects a strong second halfN/A
2022-06-14 06:14 ESTDividendA dividend of $0.12 has been announced on May 17, 2022. It will be paid Jul 1, 2022 with an ex-dividend date of Jun 14, 2022.Neutral
2022-05-18 02:09 ESTNewsMeritage Hospitality Group raises dividend by 50% to $0.12N/A
2022-02-18 07:58 ESTNewsMeritage Hospitality sees slow earnings start due to Omicron: Q4 Prelim ResultsN/A
2021-12-14 05:20 ESTDividendA dividend of $0.08 has been announced on Nov 9, 2021. It will be paid Jan 1, 2022 with an ex-dividend date of Dec 14, 2021.Neutral
2021-06-14 06:29 ESTDividendA dividend of $0.08 has been announced on May 18, 2021. It will be paid Jul 1, 2021 with an ex-dividend date of Jun 14, 2021.Neutral
2021-03-19 01:10 ESTFinancialsCompany financials have been released.Neutral
2021-03-12 05:21 ESTDividendA dividend of $0.08 has been announced on Mar 2, 2021. It will be paid Mar 26, 2021 with an ex-dividend date of Mar 12, 2021.Neutral
2021-03-03 01:48 ESTNewsMeritage Hospitality Group declares $0.08 dividendN/A
2021-02-11 01:58 ESTNewsMeritage Hospitality reports FY20 prelim sales growth of 10%N/A
2020-12-18 05:16 ESTDividendA dividend of $0.07 has been announced on Dec 8, 2020. It will be paid Dec 29, 2020 with an ex-dividend date of Dec 18, 2020.Neutral
2020-12-10 07:34 ESTFinancialsCompany financials have been released.Neutral
2020-12-09 07:39 ESTFinancialsCompany financials have been released.Neutral
2020-12-08 19:11 ESTNewsMeritage Hospitality Group declares $0.07 dividendN/A
2020-12-04 06:41 ESTFinancialsCompany financials have been released.Neutral
2020-11-27 01:11 ESTFinancialsCompany financials have been released.Neutral
2020-10-08 21:32 ESTFinancialsCompany financials have been released.Neutral
2020-10-08 14:45 ESTNewsMeritage Hospitality Group reports Q3 resultsN/A
2020-10-04 15:48 ESTFinancialsCompany financials have been released.Neutral
2020-09-26 16:52 ESTFinancialsCompany financials have been released.Neutral
2020-09-17 09:31 ESTFinancialsCompany financials have been released.Neutral
2020-08-17 03:34 ESTFinancialsCompany financials have been released.Neutral
2020-08-15 23:30 ESTFinancialsCompany financials have been released.Neutral
2020-08-14 12:58 ESTFinancialsCompany financials have been released.Neutral
2020-08-06 16:42 ESTFinancialsCompany financials have been released.Neutral
2020-08-06 11:46 ESTFinancialsCompany financials have been released.Neutral
2020-08-04 19:59 ESTFinancialsCompany financials have been released.Neutral
2020-07-31 12:21 ESTFinancialsCompany financials have been released.Neutral
2020-07-31 04:52 ESTFinancialsCompany financials have been released.Neutral
2020-07-30 20:59 ESTFinancialsCompany financials have been released.Neutral
2020-07-30 08:46 ESTFinancialsCompany financials have been released.Neutral
2020-07-30 01:05 ESTFinancialsCompany financials have been released.Neutral
2020-07-27 16:39 ESTFinancialsCompany financials have been released.Neutral
2020-07-23 21:30 ESTFinancialsCompany financials have been released.Neutral
2020-07-23 15:51 ESTFinancialsCompany financials have been released.Neutral
2020-07-14 03:45 ESTNewsMeritage Hospitality Group reports Q2 resultsN/A
2020-07-09 12:49 ESTFinancialsCompany financials have been released.Neutral
2020-07-09 07:50 ESTFinancialsCompany financials have been released.Neutral
2020-07-03 07:26 ESTFinancialsCompany financials have been released.Neutral

About Meritage Hospitality Group Inc (MHGU):

Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Twisted Rooster, Stan Diego Baja Taco Kitchen, Freighters Eatery & Taproom, and Wheelhouse Kitchen & Cocktails brand names. As of November 12, 2019, it operated 333 restaurants 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 headquartered in Grand Rapids, Michigan.

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General

  • Name Meritage Hospitality Group Inc
  • Symbol MHGU
  • Type Common Stock
  • Exchange OTCQX
  • Currency USD
  • Country USA
  • SectorConsumer Cyclical
  • IndustryRestaurants
  • Full Time Employees 330
  • Fiscal Year EndDecember
  • IPO Date1987-02-02
  • Gic SectorConsumer Discretionary
  • Gic GroupConsumer Services
  • Gic IndustryHotels, Restaurants & Leisure
  • Gic SubIndustryRestaurants
  • Web URLhttp://www.meritagehospitality.com
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Valuation

  • Trailing PE 10.54
  • Price/Sales (Trailing 12 Mt.) 0.35
  • Price/Book (Most Recent Quarter) 1.49
  • Enterprise Value Revenue 1.21
  • Enterprise Value EBITDA 13.75
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Financials

  • Most Recent Quarter 2020-09-30
  • Profit Margin 3%
  • Operating Margin 6%
  • Return on Assets 6%
  • Return on Equity 27%
  • Revenue 435.3 million
  • Earnings Per Share $1.85
  • Revenue Per Share $69.55
  • Gross Profit 175.59 million
  • Quarterly Earnings Growth 5.2%
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Highlights

  • Market Capitalization 129.88 million
  • EBITDA 37.65 million
  • Book Value Per Share $9.22
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Share Statistics

  • Shares Outstanding 6.64 million
  • Shares Float 505317
  • % Held by Insiders <1%
  • Shares Short Prior Month 9790
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Technicals

  • Beta 0.24
  • 52 Week High $20.77
  • 52 Week Low $8.93
  • 50 Day Moving Average 19.34
  • 200 Day Moving Average 17.6
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Dividends

  • Forward Annual Dividend Yield 3.8%
  • Dividend Date 2021-03-26
  • ExDividend Date 2021-03-12
  • Dividend Per Share $0.06
  • Dividend Yield 0%
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Meritage Hospitality Group Inc (MHGU) Dividend Calendar:

MHGU's last dividend payment was made to shareholders on March 26, 2021.

Ex-Dividend Date Payment Date Record Date Declared Date Amount

Meritage Hospitality Group Inc (MHGU) Earnings History:

Companies typically report earnings on both a quarterly and annual basis. Earnings reported that deviate from analysts' expectations can have a large impact on a stock's price.


Quarter Date Report Date Actual Revenue Reported EPS EPS Estimate Deviation from Estimate
2012-09-302012-12-30$25.01 million$0.11$0.00
2012-06-302012-09-30$25.32 million$0.11$0.00
2012-03-312012-04-01$23.61 million$0.06$0.00
2011-12-312012-01-01$48.16 million$0.23$0.00
2011-09-302011-10-02$0.09$0.00
2011-06-302011-07-03$24.38 million$0.11$0.00
2011-03-312011-04-03$19.41 million$0.04$0.00

Meritage Hospitality Group Inc (MHGU) Company Financial Statements:

Financial statements are reports prepared by a company's management to present their financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, and statement of cash flows.

Income Statement:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Research Development N/A N/A N/A N/A N/A
Income Before Tax 9.04 million 5.76 million 8.49 million -5.13 million 2.74 million
Selling General Administrative 33.44 million 30.93 million 25.08 million 26.49 million 76.22 million
Gross Profit 61.24 million 61.12 million 57.84 million 48.44 million 52.38 million
Ebit 13.19 million 12.49 million 15.56 million 4.01 million 8.97 million
Operating Income 7.12 million 9.16 million 14.03 million 2.71 million 5.32 million
Income Tax Expense N/A N/A N/A N/A N/A
Total Revenue 140 million 136.64 million 121.72 million 117.82 million 121.19 million
Cost of Revenue 78.75 million 75.52 million 63.88 million 69.38 million 68.82 million
Total Other Income Expense Net 3.9 million -1.33 million -3.25 million -3.38 million -190425
Net Income From Continuing Operations 8.77 million 4.6 million 6.09 million -3.7 million 2.4 million
Net Income Applicable to Common Shares N/A N/A N/A N/A N/A
Cash Flow:
Date Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019 Sep 30 2019
Investments -4.43 million -1.44 million -16.59 million -45.19 million -27.12 million
Change to Liabilities N/A N/A N/A N/A N/A
Total Cash Flow from Investing Activities N/A N/A N/A N/A N/A
Net Borrowings N/A N/A N/A N/A N/A
Total Cash Flow from Financial Activities -3.77 million 1.82 million 10.88 million 28.96 million 15.54 million
Change to Operating Activities N/A N/A N/A N/A N/A
Change in Cash 4.5 million 16.86 million -6.48 million -4.34 million -625565
Total Cash from Operating Activities 12.69 million 16.48 million -772000 11.89 million 10.96 million
Depreciation 4.66 million 4.79 million 4.69 million 3.85 million 3.57 million
Other Cash Flow from Investing Activities N/A N/A N/A N/A N/A
Change to Inventory -88000 119000 -16000 -370490 -25418
Change to Account Receivables N/A N/A N/A N/A N/A
Other Cash Flow from Financing Activities N/A N/A N/A N/A N/A
Change to Net Income N/A N/A N/A N/A N/A
Capital Expenditures 4.43 million 1.44 million 17.49 million 35.41 million 20.11 million
Balance Sheet:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Total Liabailities 591.51 million 589.68 million 598.56 million 595.9 million 594.46 million
Total Stockholder Equity 95.8 million 89.24 million 84.94 million 78.96 million 80.85 million
Other Current Liabilities N/A N/A N/A N/A N/A
Total Assets 689.93 million 681.23 million 685.72 million 677 million 677.54 million
Common Stock N/A N/A N/A N/A N/A
Other Current Assets N/A N/A N/A N/A N/A
Retained Earnings 59.49 million 52.34 million 48.25 million 42.65 million 47.12 million
Other Liabilities N/A N/A N/A N/A N/A
Other Assets N/A N/A N/A N/A N/A
Cash 32.32 million 31.82 million 27.32 million 10.46 million 16.94 million
Total Current Liabilities 94.68 million 109.63 million 121.4 million 126 million 117.64 million
Other Stockholder Equity N/A N/A N/A N/A N/A
Property, Plant & Equipment N/A N/A N/A N/A N/A
Total Current Assets 46.18 million 39.8 million 35.11 million 19.05 million 25.16 million
Long Term Investments 1.79 million 1.79 million 1.79 million 1.79 million 1.79 million
Net Tangible Assets N/A N/A N/A N/A N/A
Short Term Investments N/A N/A N/A N/A N/A
Long Term Debt 148.86 million 144 million 148.65 million 148.67 million 157.73 million
Inventory 3.62 million 3.5 million 3.41 million 3.53 million 3.52 million
Accounts Payable 16.93 million 12.81 million 16.25 million 17.62 million 21.65 million

Meritage Hospitality Group Inc (MHGU) Chart:

Meritage Hospitality Group Inc (MHGU) News:

Below you will find a list of latest news for Meritage Hospitality Group Inc (MHGU) from major news sources. You can filter the results to only show news from a specific source.

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Meritage Hospitality Group Inc (MHGU) Options:

A stock option is a contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time.

Expiration Date Strike Last Price Type Volume Open Interest Implied Volatility In The Money Change Change Percent

Meritage Hospitality Group Inc (MHGU) SEC Filings:

An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.

Date Form Type Form Name Link
2006-06-28UPLOADSEC-generated letterhttps://www.sec.gov/Archives/edgar/data/808219/000000000006030221/0000000000-06-030221-index.htm
2006-07-31UPLOADSEC-generated letterhttps://www.sec.gov/Archives/edgar/data/808219/000000000006035665/0000000000-06-035665-index.htm
2006-06-168-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000443/0000892251-06-000443-index.htm
2006-06-3010-QQuarterly report [Sections 13 or 15(d)]https://www.sec.gov/Archives/edgar/data/808219/000089225106000453/0000892251-06-000453-index.htm
2006-07-12CORRESPCorrespondencehttps://www.sec.gov/Archives/edgar/data/808219/000089225106000474/0000892251-06-000474-index.htm
2006-08-024Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225106000523/0000892251-06-000523-index.htm
2006-08-03SC 13D/AGeneral statement of acquisition of beneficial ownershiphttps://www.sec.gov/Archives/edgar/data/808219/000089225106000527/0000892251-06-000527-index.htm
2006-08-148-K/ACurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000535/0000892251-06-000535-index.htm
2006-08-178-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000537/0000892251-06-000537-index.htm
2006-08-21SC 13E3Going private transaction by certain issuershttps://www.sec.gov/Archives/edgar/data/808219/000089225106000541/0000892251-06-000541-index.htm
2006-08-294Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225106000573/0000892251-06-000573-index.htm
2006-08-294Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225106000574/0000892251-06-000574-index.htm
2006-08-294Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225106000575/0000892251-06-000575-index.htm
2006-08-294Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225106000576/0000892251-06-000576-index.htm
2006-08-318-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000585/0000892251-06-000585-index.htm
2006-09-2710-QQuarterly report [Sections 13 or 15(d)]https://www.sec.gov/Archives/edgar/data/808219/000089225106000616/0000892251-06-000616-index.htm
2006-10-06SC 13E3/AGoing private transaction by certain issuershttps://www.sec.gov/Archives/edgar/data/808219/000089225106000660/0000892251-06-000660-index.htm
2006-10-238-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000668/0000892251-06-000668-index.htm
2006-11-088-K/ACurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000685/0000892251-06-000685-index.htm
2006-12-208-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225106000714/0000892251-06-000714-index.htm
2007-01-1225Notification of the removal from listing and registration of matured, redeemed or retired securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225107000006/0000892251-07-000006-index.htm
2007-01-238-KCurrent reporthttps://www.sec.gov/Archives/edgar/data/808219/000089225107000015/0000892251-07-000015-index.htm
2007-01-2315-12GSecurities registration termination [Section 12(g)]https://www.sec.gov/Archives/edgar/data/808219/000089225107000016/0000892251-07-000016-index.htm
2007-01-24SC 13E3/AGoing private transaction by certain issuershttps://www.sec.gov/Archives/edgar/data/808219/000089225107000019/0000892251-07-000019-index.htm
2017-02-07DNotice of Exempt Offering of Securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225117000028/0000892251-17-000028-index.htm
2018-02-01DNotice of Exempt Offering of Securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225118000020/0000892251-18-000020-index.htm
2018-02-09D/ANotice of Exempt Offering of Securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225118000024/0000892251-18-000024-index.htm
2019-02-01DNotice of Exempt Offering of Securitieshttps://www.sec.gov/Archives/edgar/data/808219/000089225119000018/0000892251-19-000018-index.htm
2006-08-21PRE 14AOther preliminary proxy statementshttps://www.sec.gov/Archives/edgar/data/808219/000095015206007115/0000950152-06-007115-index.htm
2006-10-06PRER14APreliminary Proxy Soliciting materialshttps://www.sec.gov/Archives/edgar/data/808219/000095015206008032/0000950152-06-008032-index.htm
2006-12-05SC 13E3/AGoing private transaction by certain issuershttps://www.sec.gov/Archives/edgar/data/808219/000095015206009897/0000950152-06-009897-index.htm
2006-12-05PRER14APreliminary Proxy Soliciting materialshttps://www.sec.gov/Archives/edgar/data/808219/000095015206009898/0000950152-06-009898-index.htm
2006-12-18DEF 14AOther definitive proxy statementshttps://www.sec.gov/Archives/edgar/data/808219/000095015206010231/0000950152-06-010231-index.htm
2006-11-274Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106017003/0001140361-06-017003-index.htm
2006-11-274Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106017004/0001140361-06-017004-index.htm
2006-12-184Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106018345/0001140361-06-018345-index.htm
2006-12-184Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106018346/0001140361-06-018346-index.htm
2006-12-184Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106018348/0001140361-06-018348-index.htm
2006-12-184Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036106018354/0001140361-06-018354-index.htm
2007-01-174Statement of changes in beneficial ownership of securitieshttps://www.sec.gov/Archives/edgar/data/808219/000114036107001341/0001140361-07-001341-index.htm