MTY Food Group Inc. (TSE:MTY) Receives Average Recommendation of “Hold” from Analysts

MTY Food Group Inc. (TSE:MTY) has been given an average rating of “Hold” by the eight analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$42.50.

MTY has been the topic of several analyst reports. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a report on Monday, July 13th. TD decreased their price target on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a report on Monday, July 13th. Raymond James Financial lowered their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. National Bank Financial dropped their price objective on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Scotia reduced their target price on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th.

MTY Food Group Stock Performance

Shares of MTY stock opened at C$35.07 on Tuesday. The stock has a market cap of C$801.03 million, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03. The stock has a 50-day moving average of C$34.97 and a 200-day moving average of C$37.83. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. MTY Food Group has a one year low of C$31.87 and a one year high of C$45.90.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. The business had revenue of C$279.94 million for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. As a group, sell-side analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.2%. MTY Food Group’s dividend payout ratio (DPR) is currently 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.