MTY Food Group Inc. (TSE:MTY) Senior Officer Acquires C$14,994.23 in Stock

MTY Food Group Inc. (TSE:MTY) Senior Officer Renee St-Onge acquired 325 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was purchased at an average price of C$46.14 per share, with a total value of C$14,994.23.

MTY Food Group Stock Down 0.5 %

Shares of TSE MTY opened at C$46.40 on Monday. 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 Inc. has a 52 week low of C$44.48 and a 52 week high of C$68.60. The firm’s fifty day moving average is C$50.78 and its 200 day moving average is C$52.88. The company has a market cap of C$1.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The company had revenue of C$278.64 million for 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%. On average, equities research analysts expect that MTY Food Group Inc. will post 4.0429722 earnings per share 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. Shareholders of record on Friday, May 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, May 2nd. MTY Food Group’s payout ratio is currently 24.24%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTY. Scotiabank dropped their target price on shares of MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Monday, April 15th. Raymond James dropped their target price on shares of MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday, April 16th. CIBC lowered their price objective on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, April 15th. TD Securities lowered their price objective on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a report on Monday, April 15th. Finally, Acumen Capital lowered their price objective on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$54.29.

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.