Meritage Signs Development Agreement to Build 40 New Wendy's Restaurants
MERITAGE HOSPTLTY GRP INC (MHGU)
NASDAQ:AMEX Investor Relations:
meritagehospitality.com/investor-relations
Company Research
Source: GlobeNewswire
GRAND RAPIDS, Mich., June 21, 2019 (GLOBE NEWSWIRE) -- Meritage Hospitality Group, Inc. (OTCQX: MHGU), one of the nation’s premier restaurant operators, today announced it has entered into a Development Agreement with Wendy’s under the Groundbreaking Incentive Program to develop 40 new Wendy’s restaurants. Under terms of the Development Agreement the Company will develop 40 new Wendy’s restaurants by the end of 2024 and receive significant economic incentives provided under the Groundbreaking Incentive Program, which includes royalty and national marketing fee relief. The development and incentive programs are subject to the Company fulfilling its Joint Capital Plan to re-image 10% of its existing restaurants each year and customary Wendy’s real estate approvals. The Company plans to invest approximately $100.0 million in the development of the 40 Wendy’s restaurants through a combination of cash on hand and development credit facilities. “Restaurant development is an
Show less
Read more
Impact Snapshot
Event Time:
MHGU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MHGU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MHGU alerts
High impacting MERITAGE HOSPTLTY GRP INC news events
Weekly update
A roundup of the hottest topics
MHGU
News
- Michigan girl's contaminated Wendy's meal left her with permanent brain damage, lawsuit claims [FOX News]FOX News
- Meritage Hospitality Group (MHGU) Soars 5.4%: Is Further Upside Left in the Stock? [Yahoo! Finance]Yahoo! Finance
- Meritage Reports First Quarter 2024 Results; Strong Earnings GrowthGlobeNewswire
- Meritage Hospitality Group Inc. (MHGU) Earnings Expected to Grow: What to Know Ahead of Q4 Release [Yahoo! Finance]Yahoo! Finance
- Portillo's Inc. (PTLO) Q4 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance