MTY Food Group Inc. (TSE:MTY) Receives C$66.43 Consensus PT from Analysts

Shares of MTY Food Group Inc. (TSE:MTYGet Rating) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$66.43.

Several equities research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of MTY Food Group from C$64.00 to C$66.00 in a research report on Thursday, November 3rd. Raymond James reduced their price objective on shares of MTY Food Group from C$68.00 to C$64.00 and set a “market perform” rating on the stock in a research note on Friday, November 4th. Royal Bank of Canada reduced their price objective on shares of MTY Food Group from C$67.00 to C$59.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 11th. TD Securities reduced their price objective on shares of MTY Food Group from C$70.00 to C$65.00 and set a “hold” rating on the stock in a research note on Tuesday, October 11th. Finally, National Bankshares lifted their price objective on shares of MTY Food Group from C$63.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd.

MTY Food Group Stock Up 0.4 %

Shares of TSE:MTY opened at C$59.73 on Friday. MTY Food Group has a one year low of C$45.20 and a one year high of C$63.96. The company has a 50 day moving average of C$57.03 and a 200-day moving average of C$55.75. The company has a debt-to-equity ratio of 105.03, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market cap of C$1.46 billion and a price-to-earnings ratio of 15.84.

MTY Food Group (TSE:MTYGet Rating) last issued its quarterly earnings results on Friday, October 7th. The company reported C$0.92 EPS for the quarter. The business had revenue of C$171.54 million for the quarter. On average, sell-side analysts forecast that MTY Food Group will post 4.6300002 earnings per share for the current year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, November 1st. MTY Food Group’s payout ratio is currently 21.62%.

MTY Food Group Company Profile

(Get Rating)

MTY Food Group Inc franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. The company also sells retail products under a multitude of banners. As of November 30, 2021, the company had 6,719 locations comprising 6,603 franchised, 23 joint ventures, and 93 corporate locations.

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Analyst Recommendations for MTY Food Group (TSE:MTY)

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