National Bankshares Trims MTY Food Group (TSE:MTY) Target Price to C$52.00

MTY Food Group (TSE:MTYFree Report) had its price objective reduced by National Bankshares from C$57.00 to C$52.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also issued reports on the company. Scotiabank cut 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. Acumen Capital cut their price target on MTY Food Group from C$75.00 to C$65.00 and set a buy rating for the company in a report on Monday, April 15th. 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 report on Monday, April 15th. CIBC cut their price target on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating for the company in a report on Monday, April 15th. Finally, Raymond James lowered their price objective on MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$53.57.

Check Out Our Latest Analysis on MTY

MTY Food Group Stock Down 1.0 %

MTY Food Group stock opened at C$43.25 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. MTY Food Group has a 12 month low of C$43.10 and a 12 month high of C$68.60. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.75 and a beta of 1.98. The stock has a fifty day simple moving average of C$46.09 and a two-hundred day simple moving average of C$50.85.

MTY Food Group (TSE:MTYGet Free Report) last issued its quarterly earnings data on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The firm had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. Equities analysts predict that MTY Food Group will post 3.6823529 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given 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 2.59%. MTY Food Group’s dividend payout ratio is currently 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.

Further Reading

Analyst Recommendations for MTY Food Group (TSE:MTY)

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