MTY Food Group Inc. (TSE:MTY) Receives Average Recommendation of “Hold” from Brokerages

MTY Food Group Inc. (TSE:MTY – Get Free Report) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$42.50.

Several equities research analysts recently weighed in on MTY shares. Scotia dropped their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Acumen Capital decreased their target price on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Raymond James Financial lowered their target price on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a report on Monday, July 13th. TD dropped their price target on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada dropped their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th.

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MTY Food Group Stock Performance

MTY Food Group stock opened at C$33.51 on Monday. MTY Food Group has a 1 year low of C$31.87 and a 1 year high of C$45.90. The firm’s 50-day moving average is C$37.98 and its 200-day moving average is C$39.51. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The company has a market cap of C$765.40 million, a P/E ratio of 6.81, a PEG ratio of 0.75 and a beta of 1.00.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, August 4th. MTY Food Group’s dividend payout ratio is presently 28.46%.

About MTY Food Group

(Get Free Report)

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.

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