CIBC Trims MTY Food Group (TSE:MTY) Target Price to C$53.00

MTY Food Group (TSE:MTY) had its price objective decreased by CIBC from C$62.00 to C$53.00 in a report published on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other analysts have also recently commented on MTY. National Bankshares dropped their price objective on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating for the company in a research report on Monday. Royal Bank of Canada lowered their price target on MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating for the company in a report on Friday, February 16th. Raymond James lowered their price target on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a report on Friday, February 16th. TD Securities lowered their price target on MTY Food Group from C$59.00 to C$49.00 and set a hold rating for the company in a report on Monday. Finally, Scotiabank lowered their price target on MTY Food Group from C$62.00 to C$55.00 and set a sector perform rating for the company in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$54.29.

MTY Food Group Trading Down 0.4 %

Shares of MTY stock opened at C$46.79 on Monday. The stock has a market cap of C$1.13 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.75 and a beta of 1.98. The business has a fifty day simple moving average of C$51.47 and a 200-day simple moving average of C$53.09. MTY Food Group has a fifty-two week low of C$44.48 and a fifty-two week high of C$68.60. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98.

MTY Food Group (TSE:MTY) last posted its quarterly earnings data on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The company had revenue of C$278.64 million for the quarter, compared to analysts’ expectations of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 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.