MTY Food Group Inc. (TSE:MTY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of MTY Food Group Inc. (TSE:MTYGet Rating) have received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Three 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 analysts that have issued ratings on the stock in the last year is C$66.43.

Several brokerages have weighed in on MTY. Royal Bank of Canada dropped their price objective on MTY Food Group from C$67.00 to C$59.00 and set a “sector perform” rating for the company in a report on Tuesday, October 11th. TD Securities reduced their price target on MTY Food Group from C$70.00 to C$65.00 and set a “hold” rating on the stock in a research report on Tuesday, October 11th. CIBC dropped their price objective on MTY Food Group from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 11th. Scotiabank boosted their price objective on MTY Food Group from C$64.00 to C$66.00 in a research note on Thursday, November 3rd. Finally, National Bankshares boosted their price objective on MTY Food Group from C$63.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd.

MTY Food Group Trading Up 1.4 %

TSE MTY opened at C$59.20 on Friday. The firm has a market cap of C$1.45 billion and a P/E ratio of 15.70. The company has a debt-to-equity ratio of 105.03, a current ratio of 0.64 and a quick ratio of 0.57. The stock’s 50-day moving average is C$57.14 and its 200-day moving average is C$55.58. MTY Food Group has a one year low of C$45.20 and a one year high of C$63.96.

MTY Food Group (TSE:MTYGet Rating) last posted its quarterly earnings results on Friday, October 7th. The company reported C$0.92 earnings per share for the quarter. The company had revenue of C$171.54 million during the quarter. Sell-side analysts anticipate that MTY Food Group will post 4.6300002 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.42%. MTY Food Group’s dividend payout ratio is presently 21.62%.

About MTY Food Group

(Get Rating)

MTY Food Group Inc franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. The company also sells retail products under a multitude of banners. As of November 30, 2021, the company had 6,719 locations comprising 6,603 franchised, 23 joint ventures, and 93 corporate locations.

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Analyst Recommendations for MTY Food Group (TSE:MTY)

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