MTY Food Group (TSE:MTY) Hits New 52-Week Low – Should You Sell?

Shares of MTY Food Group Inc. (TSE:MTY) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$33.25 and last traded at C$33.65, with a volume of 99056 shares changing hands. The stock had previously closed at C$34.11.

Analyst Ratings Changes

A number of brokerages recently commented on MTY. Scotiabank dropped their price target on MTY Food Group from C$45.00 to C$42.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 8th. National Bankshares lowered their target price on MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Acumen Capital reduced their price target on shares of MTY Food Group from C$60.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Royal Bank Of Canada decreased their price objective on shares of MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating for the company in a report on Tuesday, October 14th. Finally, TD Securities decreased their price target on shares of MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MTY Food Group has a consensus rating of “Hold” and an average target price of C$44.50.

MTY Food Group Price Performance

The business has a fifty day moving average of C$36.79 and a 200-day moving average of C$39.72. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The firm has a market cap of C$761.75 million, a PE ratio of 22.53, a PEG ratio of 0.75 and a beta of 1.27.

MTY Food Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, November 4th. MTY Food Group’s dividend payout ratio is 85.81%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International.