MTY Food Group Inc. (TSE:MTY – Get Free Report) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$42.50.
Several research firms have weighed in on MTY. Royal Bank Of Canada lowered 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 report on Monday, July 13th. Raymond James Financial cut their price objective 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 Securities upgraded shares of MTY Food Group to a “hold” rating in a research report on Monday, July 13th. National Bank Financial lowered their target price on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Acumen Capital lowered their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Monday, July 13th.
Check Out Our Latest Research Report on MTY Food Group
MTY Food Group Trading Down 0.2%
MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings data on Friday, July 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The company had revenue of C$279.94 million during the quarter. On average, equities research analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current fiscal year.
MTY Food Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.2%. MTY Food Group’s dividend payout ratio is presently 28.46%.
MTY Food Group Company Profile
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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