TD Securities upgraded shares of MTY Food Group (TSE:MTY – Free Report) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.
Other research analysts also recently issued reports about the company. National Bank Financial lowered their target price on 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. Royal Bank Of Canada cut their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Monday. Raymond James Financial decreased their price target 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. 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. Finally, Acumen Capital dropped their price objective 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. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, MTY Food Group currently has an average rating of “Hold” and a consensus price target of C$42.50.
Check Out Our Latest Report on MTY Food Group
MTY Food Group Stock Performance
MTY Food Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders 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 dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 4th. MTY Food Group’s dividend payout ratio is 20.21%.
MTY Food Group News Summary
Here are the key news stories impacting MTY Food Group this week:
- Positive Sentiment: MTY Food Group declared a quarterly dividend of C$0.37 per share, implying an annualized yield of about 4.5% for income-focused investors.
- Neutral Sentiment: Several analysts cut their price targets on MTY, but most kept ratings in the hold-to-buy range, suggesting reduced expectations rather than a major thesis change.
- Negative Sentiment: News reports said Papa Murphy’s is closing dozens of underperforming stores, including possible closures of up to 50 locations, signaling ongoing operational weakness and restructuring pressure.
- Negative Sentiment: Additional coverage described Papa Murphy’s parent MTY as struggling to attract customers to its brands, reinforcing concerns about softer same-store demand and profitability.
- Negative Sentiment: Analyst downgrades and lower targets from TD, RBC, National Bank Financial, Raymond James, Scotia, and Acumen Capital point to caution around MTY’s near-term growth outlook.
About MTY Food Group
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.
Further Reading
- Five stocks we like better than MTY Food Group
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.
