MTY Food Group Inc. (TSE:MTY) Receives C$54.29 Average PT from Brokerages

Shares of MTY Food Group Inc. (TSE:MTY) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$54.29.

A number of research firms have weighed in on MTY. CIBC dropped their target price 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 note on Monday, April 15th. Raymond James dropped their price objective on MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th. Royal Bank of Canada decreased 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 report on Monday, April 15th. Scotiabank dropped their price target on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Monday, April 15th. Finally, TD Securities cut their price target on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a research note on Monday, April 15th.

MTY Food Group Stock Performance

Shares of MTY Food Group stock opened at C$48.23 on Wednesday. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. The business’s fifty day simple moving average is C$50.03 and its 200 day simple moving average is C$52.51. MTY Food Group has a 12 month low of C$44.48 and a 12 month high of C$68.60.

MTY Food Group (TSE:MTY) last released its earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The business had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. As a group, analysts anticipate that MTY Food Group will post 4.0429722 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 24.24%.

MTY Food Group Company Profile

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.