Shares of MTY Food Group Inc. (TSE:MTY – Get Free Report) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$54.29.
Several equities analysts have recently commented on MTY shares. CIBC lowered their price objective 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, April 15th. Scotiabank cut 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 research note on Monday, April 15th. Acumen Capital dropped their price objective on shares of 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. National Bankshares reduced their target price on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada decreased their target price 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, April 15th.
Read Our Latest Analysis on MTY
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The firm had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. Sell-side analysts anticipate that MTY Food Group will post 4.0429722 earnings per share for the current year.
MTY Food Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s payout ratio is 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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