MTY Food Group (TSE:MTY – Free Report) had its price objective lowered by Scotiabank from C$55.00 to C$50.00 in a report published on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
Other equities analysts have also recently issued reports about the company. Acumen Capital boosted their target price on MTY Food Group from C$60.00 to C$75.00 and gave the company a buy rating in a research note on Friday, February 16th. CIBC lowered their price objective on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating for the company in a research report on Monday. Raymond James decreased their target price on shares of MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a research note on Friday, February 16th. National Bankshares dropped their target price on 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 reduced their price objective on shares of MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating for the company in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of C$54.29.
Read Our Latest Analysis on MTY
MTY Food Group Stock Performance
MTY Food Group (TSE:MTY – Get Free Report) last issued its earnings results on Friday, April 12th. The company reported C$0.71 EPS 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 return on equity of 13.23% and a net margin of 8.86%. On average, equities analysts forecast that MTY Food Group will post 4.0429722 EPS for the current year.
MTY Food Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be paid 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 yield of 2.40%. MTY Food Group’s dividend payout ratio is presently 24.24%.
About MTY Food Group
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.
See Also
- Five stocks we like better than MTY Food Group
- How is Compound Interest Calculated?
- Comprehensive PepsiCo Stock Analysis
- 3 Warren Buffett Stocks to Buy Now
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Bear Market Funds to Watch This Year
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.