MTY Food Group (TSE:MTY) Stock Price Down 0.3% on Analyst Downgrade

MTY Food Group Inc. (TSE:MTY) shares fell 0.3% on Monday after Acumen Capital lowered their price target on the stock from C$50.00 to C$48.00. Acumen Capital currently has a buy rating on the stock. MTY Food Group traded as low as C$33.20 and last traded at C$33.65. Approximately 146,904 shares were traded during mid-day trading, an increase of 94% from the average session volume of 75,901 shares. The stock had previously closed at C$33.75.

MTY has been the topic of a number of other research reports. Scotia decreased their price target on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday. National Bank Financial cut their target price on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research report on Monday. Raymond James Financial reduced their target price on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a research note on Monday. Scotiabank lowered their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Finally, TD cut their price objective on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$42.50.

More MTY Food Group News

Here are the key news stories impacting MTY Food Group this week:

• Positive Sentiment: MTY Food Group declared a quarterly dividend of C$0.37 per share, implying an annualized yield of about 4.5% for income-focused investors.
• Neutral Sentiment: Several analysts cut their price targets on MTY, but most kept ratings in the hold-to-buy range, suggesting reduced expectations rather than a major thesis change.
• Negative Sentiment: News reports said Papa Murphy’s is closing dozens of underperforming stores, including possible closures of up to 50 locations, signaling ongoing operational weakness and restructuring pressure.
• Negative Sentiment: Additional coverage described Papa Murphy’s parent MTY as struggling to attract customers to its brands, reinforcing concerns about softer same-store demand and profitability.
• Negative Sentiment: Analyst downgrades and lower targets from TD, RBC, National Bank Financial, Raymond James, Scotia, and Acumen Capital point to caution around MTY’s near-term growth outlook.

MTY Food Group Price Performance

The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. The firm has a market capitalization of C$745.99 million, a P/E ratio of 4.85, a P/E/G ratio of 0.75 and a beta of 1.00. The firm’s 50 day simple moving average is C$38.30 and its two-hundred day simple moving average is C$39.60.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 4th. MTY Food Group’s payout ratio is 20.21%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.