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

Shares of MTY Food Group Inc. (TSE:MTY) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$54.29.

A number of research firms recently weighed in on MTY. Scotiabank reduced their price target on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a report on Monday, April 15th. TD Securities reduced their price objective on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada dropped their target price on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Monday, April 15th. CIBC cut their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Finally, Raymond James decreased their price target on shares of MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th.

MTY Food Group Stock Performance

TSE MTY opened at C$48.23 on Wednesday. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 11.46, a PEG ratio of 0.75 and a beta of 1.98. The stock has a 50-day simple moving average of C$50.03 and a two-hundred day simple moving average of C$52.52. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61. MTY Food Group has a fifty-two week low of C$44.48 and a fifty-two week high of C$68.60.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. The firm had revenue of C$278.64 million during the quarter, compared to analysts’ expectations of C$263.20 million. On average, equities analysts forecast that MTY Food Group will post 3.6788711 earnings per share 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. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.32%. MTY Food Group’s dividend payout ratio (DPR) is presently 26.60%.

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.