Meritage Hospitality Group Inc. (MHGU)
Meritage Hospitality Group Inc. operates in the Restaurants industry of the Consumer Cyclical sector, headquartered in Grand Rapids, MI, US. The stock last traded at $2.56, up 12.01% on the session, giving a market capitalisation of $17.2M. On trailing twelve-month figures it carries a trailing P/E of -0.32, a net margin of -8.7%. Its beta of -0.20 implies it has historically moved less than the broad market.
Meritage Hospitality Group Inc. oversees and manages various quick-service and casual dining establishments. The company operates restaurants under the widely recognized Wendy's banner, as well as its own distinct brands: Morning Belle, Stan's Tacos, Freighters Eatery & Taproom, and Twisted Roosters. By January 2, 2022, its operational scope extended to 337 restaurants located across sixteen states, including Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. Incorporated in 1986, the organization was originally known as Thomas Edison Inns, Inc., adopting its current name, Meritage Hospitality Group Inc., in May 1996. Its principal office is situated in Grand Rapids, Michigan.
Meritage Hospitality Group Inc. is most often compared with the following Consumer Cyclical names: