MTY Food Group (TSE:MTY – Free Report) had its price objective cut by Acumen Capital from C$75.00 to C$65.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.
Other equities research analysts also recently issued reports about the company. CIBC decreased their target price on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating on the stock in a research report on Monday. Royal Bank of Canada decreased their price objective on 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. Raymond James decreased their price objective on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating on the stock in a research report on Friday, February 16th. National Bankshares decreased their price objective on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a research report on Monday. Finally, TD Securities decreased their price objective on MTY Food Group from C$59.00 to C$49.00 and set a hold rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$54.29.
Get Our Latest Research Report on MTY Food Group
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last announced 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). The business had revenue of C$278.64 million during the quarter, compared to analysts’ expectations of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. As a group, analysts expect that MTY Food Group will post 4.0429722 earnings per share for the current fiscal year.
MTY Food Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.39%. MTY Food Group’s dividend payout ratio is currently 24.24%.
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.
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