MTY Food Group (TSE:MTY) Given New C$53.00 Price Target at CIBC

MTY Food Group (TSE:MTY) had its price target lowered by CIBC from C$62.00 to C$53.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on MTY. TD Securities reduced their price objective on shares of MTY Food Group from C$59.00 to C$49.00 and set a hold rating on the stock in a research note on Monday. Scotiabank dropped their target price on shares of MTY Food Group from C$62.00 to C$55.00 and set a sector perform rating on the stock in a report on Friday, February 16th. Acumen Capital increased their target price on shares of MTY Food Group from C$60.00 to C$75.00 and gave the stock a buy rating in a report on Friday, February 16th. National Bankshares dropped their target price on shares of MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a report on Monday. Finally, Royal Bank of Canada dropped their price objective on shares of MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating on the stock in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of C$54.29.

MTY Food Group Price Performance

MTY Food Group stock opened at C$46.79 on Monday. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 11.01, a PEG ratio of 0.75 and a beta of 1.98. The firm has a fifty day moving average of C$51.47 and a 200-day moving average of C$53.09. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98. MTY Food Group has a 52-week low of C$44.48 and a 52-week high of C$68.60.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The firm had revenue of C$278.64 million during the quarter, compared to analysts’ expectations of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. As a group, analysts predict that MTY Food Group will post 4.0429722 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. MTY Food Group’s dividend payout ratio (DPR) is presently 24.24%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.