Shares of MTY Food Group Inc. (TSE:MTY – Get Free Report) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$41.12.
Several analysts have recently issued reports on the stock. Raymond James Financial reduced their target price on shares of MTY Food Group from C$40.00 to C$35.00 and set a “market perform” rating for the company in a research note on Tuesday, October 13th. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a report on Monday, July 13th. Acumen Capital dropped their price target 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 report on Monday, July 13th. Royal Bank Of Canada cut their price target on shares of 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. Finally, TD set a C$38.00 price target on shares of MTY Food Group and gave the stock a “hold” rating in a report on Thursday, October 8th.
View Our Latest Stock Report on MTY Food Group
MTY Food Group Trading Up 0.6%
Shares of MTY Food Group stock opened at C$31.71 on Wednesday. The stock has a fifty day simple moving average of C$32.81 and a 200 day simple moving average of C$37.28. MTY Food Group has a 12-month low of C$28.12 and a 12-month high of C$45.90. The company has a market capitalization of C$724.29 million, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 117.99.
MTY Food Group (TSE:MTY – Get Free Report) last released its quarterly earnings results on Friday, October 9th. The company reported C$1.26 EPS for the quarter. MTY Food Group had a return on equity of 12.54% and a net margin of 9.67%. The business had revenue of C$277.73 million during the quarter. On average, sell-side analysts anticipate that MTY Food Group will post 4.49 earnings per share for the current fiscal year.
MTY Food Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were paid a $0.37 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.48 annualized dividend and a yield of 4.7%. MTY Food Group’s dividend payout ratio (DPR) is 30.06%.
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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