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Meritage Hospitality Group (MHGU)

(Delayed Data from OTC)

$17.50 USD

17.50
3,202

+0.50 (2.94%)

Updated Jul 16, 2024 12:09 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 42% (104 out of 250)

Industry: Retail - Restaurants

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Balance Sheet

Research for MHGU

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Meritage Hospitality Group Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 19 35 50 32 17
Receivables 2 0 2 2 1
Notes Receivable 0 0 0 0 0
Inventories 5 5 4 4 4
Other Current Assets 7 7 6 9 3
Total Current Assets 34 47 62 46 25
Net Property & Equipment 153 161 136 118 152
Investments & Advances 0 2 2 2 2
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 213 184 179 179 179
Deposits & Other Assets 18 18 9 7 5
Total Assets 817 791 759 690 678
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 22 28 22 17 22
Current Portion Long-Term Debt 47 46 26 30 58
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 22 26 29 26 18
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 118 126 101 95 118
Mortgages 0 0 0 0 0
Deferred Taxes/Income 16 16 14 10 8
Convertible Debt 0 0 0 0 0
Long-Term Debt 164 155 165 149 158
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 19 18 17 17 11
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 695 674 650 592 594
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 34 29 31 36 34
Retained Earnings 81 78 73 59 47
Other Equity 7 10 4 3 2
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 122 117 109 98 83
Total Liabilities & Shareholder's Equity 817 791 759 690 678
Total Common Equity 122 117 109 98 83
Shares Outstanding 6.50 6.50 6.50 6.60 6.30
Book Value Per Share 18.77 18.03 16.72 14.91 13.19

Fiscal Year End for Meritage Hospitality Group Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 20 19 24 28
Receivables NA 5 2 4 4
Notes Receivable NA 0 0 0 0
Inventories NA 5 5 5 5
Other Current Assets NA 7 7 7 10
Total Current Assets NA 37 34 41 47
Net Property & Equipment NA 147 153 148 152
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 213 213 213 213
Deposits & Other Assets NA 18 18 21 21
Total Assets NA 809 817 826 839
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 16 22 22 21
Current Portion Long-Term Debt NA 49 47 42 45
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 20 22 24 26
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 114 118 116 120
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 16 16 17 16
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 158 164 168 172
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 19 21 24
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 686 695 703 716
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 0 34 33 32
Retained Earnings NA 0 81 81 82
Other Equity NA 0 7 9 9
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 123 122 123 123
Total Liabilities & Shareholder's Equity NA 809 817 826 839
Total Common Equity 0 123 122 123 123
Shares Outstanding 6.60 6.60 6.50 6.50 6.50
Book Value Per Share 0.00 18.70 18.77 18.87 18.92