Home Financial Markets Muscle Maker Inc. (GRIL) stock surged in the current trading session; here’s...

Muscle Maker Inc. (GRIL) stock surged in the current trading session; here’s why

In the current trading session, at last, check Muscle Maker Inc. (GRIL) stock surged by 3.33% to $1.24. GRIL’s previously closed the session at $1.20. The GRIL stock volume traded an average volume of 426.22K shares for the past 3 months. In the past year up-to-date GRIL shares have shed -33.33% and in the past week dropped by -16.08%. In the past three and six months, the stock shed -56.60%and -36.17% respectively. Furthermore, GRIL is currently valued at $16.45 million and has 13.83 million outstanding shares.

Why is the recent Pokemoto acquisition by MMG is gaining a lot of hype

The company announced today that it is acquiring Pokemoto which is known for its modern culinary and flavorful meals in Hawaiian poke classic.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Pokemoto has a thirteen location concept with six extra franchise arrangements offered to be opened later on. The acquisition allows MMG to expand on the recent launch of offering which consists of a variety of fresh-prepared “Healthier For You” meals. The organization accepts that Pokemoto segment will bring about an expansion of sushi-based meals and food and widen the quality supper portfolio, appealing to a wider customer base. GRIL stock research and management group has been extensively exploring acquisitions opportunities that fit into its non-traditional development strategy.

The idea likewise fits consummately with Muscle Maker Group’s ghost kitchen model. Purchasing one more growth-oriented meal-prep company speeds up GRIL’s top-line income development and adds another solid brand to the conveyance just side of the business. The Pokemoto total revenue of $3,653,478 in 2020 addresses a critical expansion in overall revenue to Muscle Maker. In 2020, Muscle Maker’s total revenue was $4,473,447. The addition of Pokemoto revenue will build Muscle Maker, Inc’s. total revenue by 81% to $8,126,925.

Entering into the cryptocurrency transactions by allowing Bitcoin as payment

The company also entered the cryptocurrency market by allowing Bitcoin as a form of currency acceptable at any MMG’s retail shop for transactional payments.GRIL stock had recently acquired SuperFit Foods which is likewise an exceptional meal prep business. SuperFit Foods delivered more than 220,000 meals in 2020. Though this is now a very fresh and early trend in the market to accept cryptocurrency as payment and many companies do not engage in this due to the volatility of the crypto market.

MMG is expanding into the meal prep market

MMG’s CEO Mike Roper accepts that the market of meal prep is immense yet fragmented. This assertion is reflected by the complete market assessment of the meal prep business which was $7.6 billion in 2019. Besides, the market is relied upon to extend by a yearly development pace of 12.8% from 2020 to 2027. MMG has goals of assessing different organizations in the future to extend its operational premise and grab a more extensive market. This viewpoint bears uplifting news for the long-term investors hoping to get tied up with the GRIL stock till 2021.

The new obtaining of Superfit Foods, the upcoming opening of four locations at the Northern Virginia Community College framework alongside the economic recuperation following the rollout of COVID immunizations is expected to drive additional revenue growth all through the rest of 2021

What you need to know about Muscle Maker Grill

Muscle Maker Grill is a fitness and diet-based healthy food serving company. It is a unique concept of a prepared meal plan company that specializes in all assortments of lean and protein-based food. The customers targeted are usually fitness and diet-oriented who are given freshly prepared customized meals of their liking. Muscle Maker Inc. has two subsidiaries known by the name of Muscle Maker Grill and Muscle Maker Corp, LLC.

These meals contain all-natural foods that range from whole wheat pasta, wraps, steaks, turkey, chicken, and a lot more. It offers a similar healthy range of ingredients in its smoothies and shakes. To capture the health and fitness market it diversifies its product offering by including protein powder and supplements.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

General Employment Enterprises Inc. (JOB) stock soars during pre-market trading. Here’s to know why?

General Employment Enterprises Inc. (NASDAQ: JOB) stock gained by 1.96% at last close while the JOB stock price rises by 3.88% in the pre-market...

U.S Concrete Inc. (USCR) stock soars during pre-market trading session. What’s driving it high?

U.S Concrete Inc. (NASDAQ: USCR) stock declined by 0.66% at last close while the USCR stock price gained by 27.88% in the pre-market trading...

Energous Corp. (WATT) stock surged during pre-market trading. What’s happening?

Energous Corp. (NASDAQ: WATT) stock soared by 0.36% at last close while the WATT stock price gains further by 7.12% during the pre-market session....

CooTek (CTK) stock plunged in the premarket trading session; here’s why

In the premarket trading session, at last check, CooTek (Cayman) Inc. (CTK) stock had plunged by -3.88% to the price of $1.98. CTK stock...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam