MTY Food Group Inc. (TSE:MTY) Given Consensus Recommendation of “Hold” by Brokerages

MTY Food Group Inc. (TSE:MTY) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$46.00.

Several research analysts have issued reports on MTY shares. TD Securities raised their target price on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. National Bank Financial set a C$49.00 target price on MTY Food Group and gave the stock an “outperform” rating in a research report on Monday, April 6th. TD dropped their target price on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Raymond James Financial dropped their target price on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Monday, April 13th. Finally, Scotiabank dropped their target price on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th.

MTY Food Group Trading Down 0.4%

MTY Food Group stock opened at C$38.06 on Wednesday. The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. MTY Food Group has a one year low of C$32.92 and a one year high of C$46.36. The stock has a market capitalization of C$869.33 million, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. The business’s fifty day moving average is C$39.35 and its 200 day moving average is C$38.94.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, April 10th. The company reported C$0.98 EPS for the quarter. The company had revenue of C$267.77 million for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. On average, sell-side analysts predict that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 5th. MTY Food Group’s dividend payout ratio (DPR) is presently 20.21%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.