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

MTY Food Group Inc. (TSE:MTY) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$42.50.

A number of equities research analysts have recently weighed in on MTY shares. Raymond James Financial lowered their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Scotia reduced their target price 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, July 13th. Royal Bank Of Canada decreased their target price on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Acumen Capital lowered their price target on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, TD cut their price target on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday, July 13th.

MTY Food Group Trading Down 1.6%

Shares of MTY stock opened at C$32.23 on Tuesday. The business has a 50-day moving average price of C$34.60 and a two-hundred day moving average price of C$37.59. MTY Food Group has a 12-month low of C$31.87 and a 12-month high of C$45.90. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64. The firm has a market cap of C$736.17 million, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, July 10th. The company reported C$0.67 EPS for the quarter. The firm had revenue of C$279.94 million for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. Equities analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, August 4th. MTY Food Group’s payout ratio is 28.46%.

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.