MTY Food Group Inc. (TSE:MTY – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$41.72 and last traded at C$42.05, with a volume of 5032 shares traded. The stock had previously closed at C$42.28.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on MTY. National Bankshares upped their price target on MTY Food Group from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Royal Bank of Canada boosted their price objective on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Finally, TD Securities increased their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MTY Food Group has an average rating of “Hold” and a consensus price target of C$54.29.
Read Our Latest Analysis on MTY Food Group
MTY Food Group Trading Down 0.7 %
MTY Food Group (TSE:MTY – Get Free Report) last issued its quarterly earnings data on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.14. The business had revenue of C$303.74 million for the quarter, compared to analyst estimates of C$294.10 million. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. Analysts anticipate that MTY Food Group Inc. will post 4.2282927 EPS for the current fiscal year.
MTY Food Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.69%. MTY Food Group’s dividend payout ratio is currently 27.32%.
About MTY Food Group
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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