MHGU Stock - Meritage Hospitality Group Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $668.80M | $672.49M | $626.04M | $577.13M | $516.18M |
| Gross Profit | $277.53M | $80.89M | $252.19M | $242.96M | $228.65M |
| Gross Margin | 41.5% | 12.0% | 40.3% | 42.1% | 44.3% |
| Operating Income | $13.35M | $22.61M | $25.48M | $35.03M | $37.40M |
| Net Income | $7.80M | $6.14M | $8.48M | $17.45M | $14.91M |
| Net Margin | 1.2% | 0.9% | 1.4% | 3.0% | 2.9% |
| EPS | $0.84 | $0.71 | $0.98 | $2.30 | $2.00 |
Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, Stan's Tacos, Freighters Eatery & Taproom, and Twisted Roosters brand names. As of January 2, 2022, it operated 337 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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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 25th 2023 | Northland Capital | Initiation | Outperform | $24 |
Earnings History & Surprises
MHGUEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 16, 2026 | — | — | — | — |
Q1 2026 | Mar 6, 2026 | $0.48 | — | — | — |
Q4 2025 | Nov 17, 2025 | $0.46 | $-1.48 | -421.7% | ✗ MISS |
Q3 2025 | Aug 12, 2025 | $0.54 | $-0.04 | -107.4% | ✗ MISS |
Q2 2025 | May 13, 2025 | $-0.51 | $-0.73 | -43.1% | ✗ MISS |
Q1 2025 | Mar 7, 2025 | $0.58 | $0.60 | +3.4% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $0.49 | $-0.34 | -169.4% | ✗ MISS |
Q3 2024 | Aug 2, 2024 | $0.37 | $0.33 | -10.8% | ✗ MISS |
Q2 2024 | May 9, 2024 | $0.25 | $0.11 | -56.0% | ✗ MISS |
Q1 2024 | Mar 6, 2024 | $0.22 | $0.14 | -36.4% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $0.40 | $-0.09 | -122.5% | ✗ MISS |
Q3 2023 | Aug 9, 2023 | — | $0.65 | — | — |
Q2 2023 | May 9, 2023 | — | $-0.30 | — | — |
Q1 2023 | Mar 8, 2023 | — | $-0.14 | — | — |
Q4 2022 | Nov 9, 2022 | — | $0.15 | — | — |
Q3 2022 | Jul 14, 2022 | — | $0.62 | — | — |
Q2 2022 | Apr 15, 2022 | — | $0.22 | — | — |
Q4 2021 | Dec 31, 2021 | — | $0.31 | — | — |
Q4 2021 | Oct 15, 2021 | — | $0.27 | — | — |
Q3 2021 | Aug 11, 2021 | — | $0.80 | — | — |
Latest News
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