MTY Food Group (TSE:MTY) Stock Rating Reaffirmed by TD Securities

TD Securities restated their hold rating on shares of MTY Food Group (TSE:MTY) in a report published on Tuesday, BayStreet.CA reports. The brokerage currently has a C$57.00 price objective on the stock.

Separately, Raymond James set a C$65.00 price objective on MTY Food Group and gave the stock an outperform rating in a research note on Tuesday, February 18th.

MTY stock opened at C$51.28 on Tuesday. The stock’s 50 day simple moving average is C$57.36 and its 200 day simple moving average is C$58.06. MTY Food Group has a fifty-two week low of C$49.42 and a fifty-two week high of C$68.66. The company has a debt-to-equity ratio of 81.24, a quick ratio of 0.47 and a current ratio of 0.60. The company has a market cap of $1.25 billion and a P/E ratio of 16.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a $0.185 dividend. The ex-dividend date was Friday, January 31st. This is an increase from MTY Food Group’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 1.44%. MTY Food Group’s dividend payout ratio is 21.43%.

About MTY Food Group

MTY Food Group Inc operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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