MTY Food Group (TSE:MTY) Reaches New 52-Week Low – Should You Sell?

Shares of MTY Food Group Inc. (TSE:MTY) reached a new 52-week low during trading on Thursday. The company traded as low as C$31.35 and last traded at C$31.40, with a volume of 31586 shares trading hands. The stock had previously closed at C$31.70.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTY. National Bank Financial reduced their price objective on shares of MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Acumen Capital dropped their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a research report on Monday, July 13th. TD Securities raised shares of MTY Food Group to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada reduced their price target on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Finally, Scotia decreased their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$42.12.

MTY Food Group Stock Down 1.2%

The firm has a 50 day moving average of C$33.86 and a two-hundred day moving average of C$36.81. The firm has a market capitalization of C$715.38 million, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, July 10th. The company reported C$0.67 EPS for the quarter. The firm had revenue of C$279.94 million during the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. As a group, sell-side analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 annualized dividend and a dividend yield of 4.7%. MTY Food Group’s payout ratio is 28.46%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.