MTY Food Group Inc. (TSE:MTY – Get Free Report)’s stock price reached a new 52-week low on Tuesday after National Bank Financial lowered their price target on the stock from C$43.00 to C$40.00. National Bank Financial currently has an outperform rating on the stock. MTY Food Group traded as low as C$31.72 and last traded at C$31.72, with a volume of 16580 shares changing hands. The stock had previously closed at C$32.45.
Several other analysts have also commented on MTY. Raymond James Financial cut their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. 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 report on Monday, July 13th. Acumen Capital cut their price objective on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a research report on Monday, July 13th. TD reduced their price objective on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Scotia decreased their target price on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$42.12.
Read Our Latest Stock Analysis on MTY Food Group
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings data on Friday, July 10th. The company reported C$0.67 EPS for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The firm had revenue of C$279.94 million during the quarter. Equities research analysts predict that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.
MTY Food Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were issued a $0.37 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. 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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