Memoize return value of custom hook - reactjs

Question

I have a custom React hook something like this:
export default function useLocations(locationsToMatch) {
const state = useAnotherHookToGetStateFromStore();
const { allStores } = state.locations;
const allLocations = {};
allStores.forEach((store) => {
const { locationId, locationType } = store;
const isLocationPresent = locationsToMatch.indexOf(locationId) !== -1;
if (isLocationPresent && locationType === 'someValue') {
allLocations[locationId] = true;
} else {
allLocations[locationId] = false;
}
});
return allLocations;
}
When I use above hook inside my React component like this:
const locations = useLocations([908, 203, 678]) // pass location ids
I get a max call depth error due to infinite rendering. This is because I have some code inside my component which uses useEffect hook like this:
useEffect(() => { // some code to re-render component on change of locations
}, [locations])
So I tried to wrap my return value in useLocations hook inside a useMemo like this:
export default function useLocations(locationsToMatch) {
const state = useAnotherHookToGetStateFromStore();
const { allStores } = state.locations;
const allLocations = {};
const getStores = () => {
allStores.forEach((store) => {
const { locationId, locationType } = store;
const isLocationPresent = locationsToMatch.indexOf(locationId) !== -1;
if (isLocationPresent && locationType === 'someValue') {
allLocations[locationId] = true;
} else {
allLocations[locationId] = false;
}
});
return allLocations;
};
return useMemo(() => getStores(), [locationsToMatch, state]);
}
But this still causes infinite re-rendering of the consuming component. So how can I return a memoized value from my custom hook useLocations to prevent infinite re-rendering?