Meritage Hospitality Group (MHGU) Soars 5.4%: Is Further Upside Left in the Stock? [Yahoo! Finance]
MERITAGE HOSPTLTY GRP INC (MHGU)
NASDAQ:AMEX Investor Relations:
meritagehospitality.com/investor-relations
Company Research
Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% loss over the past four weeks. Meritage Hospitality Group rally is buoyed by optimism regarding the company's focus on renovations and new restaurant development, along with acquisitions. The focus remains on leveraging its robust operating platform and in-house restaurant development expertise. Positive investor sentiments were witnessed on the company's solid first quarter 2024 results and strong 2024 Outlook. The performance was driven by profitable value menu sales and decreased inflation in food, paper, and labor. This company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +183.3%. Revenues are expected to be $177.8 million, up 12.7% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strengt
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News
- Michigan girl's contaminated Wendy's meal left her with permanent brain damage, lawsuit claims [FOX News]FOX News
- 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
- Meritage Reports 2023 Full-Year Preliminary Results; 2024 Outlook: Accelerated Earnings Growth [Yahoo! Finance]Yahoo! Finance