MTY Food Group Inc. (TSE:MTY) Receives Average Recommendation of “Hold” from Analysts

MTY Food Group Inc. (TSE:MTYGet Free Report) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$53.57.

Several research firms have issued reports on MTY. CIBC decreased their price target on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Acumen Capital cut their price target on 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. Scotiabank decreased their price objective on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada cut their target price on MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Monday, April 15th. Finally, National Bankshares decreased their price target on shares of MTY Food Group from C$57.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 19th.

View Our Latest Analysis on MTY

MTY Food Group Trading Up 2.5 %

Shares of TSE:MTY opened at C$44.35 on Thursday. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61. The stock’s 50-day moving average is C$46.06 and its 200-day moving average is C$50.77. The company has a market cap of C$1.07 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.75 and a beta of 1.98. MTY Food Group has a 52-week low of C$43.10 and a 52-week high of C$68.60.

MTY Food Group (TSE:MTYGet Free Report) last issued its quarterly 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). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. Equities research analysts predict that MTY Food Group will post 3.6823529 earnings per share for the current year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.28 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. MTY Food Group’s dividend payout ratio is currently 26.60%.

About MTY Food Group

(Get Free Report

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.

Further Reading

Analyst Recommendations for MTY Food Group (TSE:MTY)

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