Professional
Added to YB: 2025-05-01
Pitch date: 2025-04-30
MHGU [neutral]
Meritage Hospitality Group Inc.
-67.2%
current return
Author Info
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Company Info
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.
Market Cap
$83.0M
Pitch Price
$12.08
Price Target
N/A
Dividend
1.68%
EV/EBITDA
8.15
P/E
22.47
EV/Sales
1.01
Sector
Hotels, Restaurants and Leisure
Category
value
OTC Markets Oddities - Meritage Hospitality Group Inc.
MHGU (quick overview): Meritage Hospitality owns 374 Wendy's locations in Midwest/Southeast, making them one of largest franchisees. Previously sold due to leverage/operating cost concerns post-COVID. Now valued at $1.9M per restaurant (including lease liabilities), below cost of new-built Wendy's, creating potential value opportunity.
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