MTY Food Group (TSE:MTY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

MTY Food Group Inc. (TSE:MTY)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$36.81 and traded as low as C$31.63. MTY Food Group shares last traded at C$31.70, with a volume of 29,217 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MTY. Acumen Capital dropped their target price on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada reduced their price target on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. TD lowered 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. Raymond James Financial dropped their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. Finally, TD Securities raised shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MTY Food Group presently has a consensus rating of “Hold” and a consensus price target of C$42.12.

MTY Food Group Stock Down 0.3%

The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The firm has a 50 day simple moving average of C$33.84 and a two-hundred day simple moving average of C$36.76. The stock has a market cap of C$712.18 million, a P/E ratio of 6.34, a P/E/G ratio of 0.75 and a beta of 1.03.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, July 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The company had revenue of C$279.94 million during the quarter. Equities research analysts predict that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Tuesday, August 4th. MTY Food Group’s dividend payout ratio is currently 28.46%.

About MTY Food Group

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.