MTY Food Group (TSE:MTY) Stock Crosses Above 200 Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$38.06 and traded as high as C$40.60. MTY Food Group shares last traded at C$40.11, with a volume of 59,734 shares changing hands.

Analysts Set New Price Targets

MTY has been the subject of a number of analyst reports. Raymond James Financial cut their price target on MTY Food Group from C$50.00 to C$44.00 in a report on Wednesday, November 19th. Royal Bank Of Canada dropped their price objective on MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 14th. TD Securities reduced their target price on MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. National Bankshares lowered their price target on shares of MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Scotiabank raised their price objective on shares of MTY Food Group from C$39.00 to C$41.00 in a research report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, MTY Food Group has a consensus rating of “Hold” and an average price target of C$43.33.

MTY Food Group Stock Performance

The firm has a market capitalization of C$921.18 million, a PE ratio of 27.25, a PEG ratio of 0.75 and a beta of 1.29. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. The company has a 50-day moving average of C$37.69 and a 200 day moving average of C$38.01.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, October 10th. The company reported C$1.22 earnings per share for the quarter. MTY Food Group had a return on equity of 11.66% and a net margin of 8.30%.The firm had revenue of C$296.99 million for the quarter. Equities research analysts predict that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, November 4th. This represents a $1.32 annualized dividend and a yield of 3.3%. MTY Food Group’s payout ratio is presently 85.81%.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.