MTY Food Group Inc. (TSE:MTY) Receives C$54.29 Consensus Price Target from Analysts

Shares of MTY Food Group Inc. (TSE:MTYGet Free Report) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$54.29.

MTY has been the subject of several research reports. Raymond James decreased their price objective on shares of MTY Food Group from C$60.00 to C$55.00 in a report on Tuesday, April 16th. National Bankshares decreased their price objective on shares of MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Royal Bank of Canada reduced their target price on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a report on Monday, April 15th. Scotiabank reduced their target price on shares of 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. Finally, TD Securities reduced their target price on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a report on Monday, April 15th.

Read Our Latest Research Report on MTY

MTY Food Group Trading Down 0.1 %

Shares of TSE MTY opened at C$43.54 on Friday. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61. The firm’s 50 day moving average price is C$47.70 and its 200-day moving average price is C$51.62. MTY Food Group has a 52-week low of C$43.34 and a 52-week high of C$68.60. The company has a market cap of C$1.05 billion, a PE ratio of 10.34, a P/E/G ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTYGet Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$278.64 million for the quarter, compared to analysts’ expectations of C$263.20 million. On average, equities research analysts expect that MTY Food Group will post 3.6823529 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.28 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.57%. MTY Food Group’s dividend payout ratio (DPR) is presently 26.60%.

About MTY Food Group

(Get Free Report

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.

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Analyst Recommendations for MTY Food Group (TSE:MTY)

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