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MHGU Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: January 15, 2025
Report Source: 2024 3rd Quarter Report
Meritage Hospitality Group Inc. Stock Analysis MHGU
United States Consumer Discretionary Nano Cap Report: Meritage Hospitality Group, Inc. engages in the development & operation of restaurants and leisure properties. The firm operates approximately 375 Wendy’s quick-service restaurants under franchise agreements with its franchisor, Quality Is Our Recipe, LLC. Wendy’s quick-service restaurants are in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. Wendy’s restaurant offers square beef patties and Frosty desserts. The company also has nine independent restaurants under two concepts, Morning Belle and Blue Porch Bar & Grill. All nine restaurants are in Michigan. Morning Belle is a garden-themed breakfast, brunch, and lunch concept. The company also offers Daytime Cocktails, such as Mimosas, Bellinis, Bloody Marys, and four flavors of Spiked Cold Brew Coffee.
Read More Meritage Hospitality Group Inc (MHGU) Chart
Key Statistics of Meritage Hospitality Group Inc (MHGU)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$2.30Volume
12.79KP/E Ratio (TTM)
-52 Week Range
Market Cap
10.07MAvg. Volume
3637.18Dividend Yield
-Financial Metrics & Statements of Meritage Hospitality Group Inc (MHGU)
FAQ's for Meritage Hospitality Group Inc (MHGU)
- According to Musaffa’s Shariah screening methodology, Meritage Hospitality Group Inc (MHGU) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Meritage Hospitality Group Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Meritage Hospitality Group Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Meritage Hospitality Group Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Meritage Hospitality Group Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Meritage Hospitality Group Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.