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Meritage Hospitality Group Inc. (MHGU)

USD2.33 +0.01 (+0.28%)
US OTC Consumer Cyclical Restaurants
Address 45 Ottawa Avenue SW 49503
Grand Rapids, MI, US
CEO Robert E. Schermer Jr.
IPO 1999-09-27
CIK 808219 ISIN US59000K3095

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Also trades on Other OTC · MHGU (USD) Other OTC · MHGUP (USD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD2.33 +0.01 (+0.28%)
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Volume Profile
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Liquidity & share structure
Average Volume
6.5K
Beta
-0.10
Float Shares
6.25M
Free Float %
93.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% -6.67% -39.83% -60.00% +0.00% -84.43% -88.33% -89.95% -81.66% -77.89%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.33
Ratings Trend (MoM) 100% Bullish
Rating 2025-07 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.45
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Restaurants: +7.4%
    -7.6% Q1'26: -14.2% (vs Q1'25)
  • EPS growth Restaurants: +14.8%
    -884.6% Q1'26: -125.0% (vs Q1'25)
  • FCF margin FCF growth · Restaurants: +21.6%
    +1.0% Q1'26: -0.5% (vs Q1'25)
  • EBIT margin Restaurants: +6.1%
    -1.3% Q1'26: -8.0% (vs Q1'25)
  • ROIC Restaurants: +6.2%
    -1.2%
  • Share dilution Restaurants: +0.0%
    -18.8% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Restaurants: 0.72×
    56.73× Q1'26: -13.49× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.06) × ERP
WACC = 2% × Ke + 98% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.33
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Revenue
672.49M
est: 678.10M (-0.8%)
668.80M
est: 674.80M (-0.9%)
617.70M
est: 685.80M (-9.9%)
EBITDA
41.16M
est: 47.28M (-12.9%)
37.55M
est: 37.53M (+0.1%)
10.09M
est: 38.14M (-73.6%)
EBIT
22.61M
est: 27.75M (-18.5%)
18.34M
est: 18.42M (-0.4%)
-7.96M
est: 18.72M (-142.5%)
Net Income
6.14M
est: 6.99M (-12.1%)
7.80M
est: 4.57M (+70.8%)
-31.75M
est: 6.78M (-568.1%)
SGA
58.29M
est: 131.96M (-55.8%)
148.49M
est: 132.02M (+12.5%)
141.96M
est: 134.18M (+5.8%)
EPS
0.71
est: 0.82 (-13.4%)
0.84
est: 0.66 (+27.3%)
-5.10
est: 0.98 (-620.4%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-60.32M
OE per share TTM
-9.06
Owner's Yield
-465.41%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
86.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Peter D. Wierenga 271.1K 6.20% 261.7K 261.7K IN United States of America 2000-11-09

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-24.1K
Shares Outstanding
6.67M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2006-12-18 DEF 14A
2006-08-21 PRE 14A
2006-04-07 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2023-05-08 D
2019-02-01 D
2018-02-09 D/A
2018-02-01 D
2017-02-07 D
2007-01-24 SC 13E3/A
2007-01-23 8-K
2007-01-23 15-12G
2007-01-17 4
2007-01-12 25

Executive team

NameTitleCompensationGender
Robert E. Schermer Jr. Chief Executive Officer & Director 375.5K male
Gary A. Rose President, Chief Operating Officer & Director 331.4K male
Tracey A. Smith Chief Financial Officer, Vice President, Secretary & Treasurer 270.0K female
Alex Rusticus President of Wendy's Operations male
Rafael Romero Director of Marketing male
Miranda Johnson Director of Human Resources
Dayna Krug Director of Accounting female
Kristen Buter Director of Legal & Risk female
ESG Rating
B+
RESTAURANTS
2005
E (Environmental)
62.5 / 47.1
Company / Sector avg.
S (Social)
65.5 / 50.9
Company / Sector avg.
G (Governance)
64.7 / 56.3
Company / Sector avg.
ESG Total
64.2 / 51.4
Company / Sector avg.
ESG Score History RESTAURANTS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits