PriceTargets.com logo

Meritage Hospitality Group - MHGU Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $24.00
  • Forecasted Upside: 25.00%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$19.20 As of 12/4/2023 01:00 AM ET
+0 (0.00%)

This chart shows the closing price for MHGU by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Meritage Hospitality Group Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for MHGU and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for MHGU

Analyst Price Target is $24.00
▲ +25.00% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Meritage Hospitality Group in the last 3 months. The average price target is $24.00, with a high forecast of $24.00 and a low forecast of $24.00. The average price target represents a 25.00% upside from the last price of $19.20.

This chart shows the closing price for MHGU for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Buy

The current consensus among 1 investment analysts is to buy stock in Meritage Hospitality Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/12/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/10/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/4/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2023

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/25/2023Northland SecuritiesInitiated CoverageOutperform$24.00
(Data available from 12/5/2018 forward)

News Sentiment Rating

0.63 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/8/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/7/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/7/2023
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/6/2023
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/5/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/5/2023
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2023
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/4/2023

Current Sentiment

  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Meritage Hospitality Group logo
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. 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 based in Grand Rapids, Michigan.
Read More

Today's Range

Now: $19.20
Low: $19.20
High: $19.20

50 Day Range

MA: $19.51
Low: $18.05
High: $21.30

52 Week Range

Now: $19.20
Low: $17.00
High: $21.30

Volume

N/A

Average Volume

1,280 shs

Market Capitalization

$125.18 million

P/E Ratio

53.33

Dividend Yield

N/A

Beta

0.1

Frequently Asked Questions

What sell-side analysts currently cover shares of Meritage Hospitality Group?

The following equities research analysts have issued research reports on Meritage Hospitality Group in the last year: Northland Securities.
View the latest analyst ratings for MHGU.

What is the current price target for Meritage Hospitality Group?

1 Wall Street analysts have set twelve-month price targets for Meritage Hospitality Group in the last year. Their average twelve-month price target is $24.00, suggesting a possible upside of 25.0%. Northland Securities has the highest price target set, predicting MHGU will reach $24.00 in the next twelve months. Northland Securities has the lowest price target set, forecasting a price of $24.00 for Meritage Hospitality Group in the next year.
View the latest price targets for MHGU.

What is the current consensus analyst rating for Meritage Hospitality Group?

Meritage Hospitality Group currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MHGU will outperform the market and that investors should add to their positions of Meritage Hospitality Group.
View the latest ratings for MHGU.

What other companies compete with Meritage Hospitality Group?

Other companies that are similar to Meritage Hospitality Group include Noodles & Company, Red Robin Gourmet Burgers, ONE Group Hospitality, FAT Brands and FAT Brands. Learn More about companies similar to Meritage Hospitality Group.

How do I contact Meritage Hospitality Group's investor relations team?

Meritage Hospitality Group's physical mailing address is 45 Ottawa Ave SW Suite 600, Grand Rapids MI, 49503. The company's listed phone number is (616) 776-2600. The official website for Meritage Hospitality Group is www.meritagehospitality.com. Learn More about contacing Meritage Hospitality Group investor relations.