MTY Food Group Inc. (TSE:MTY – Get Free Report) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$54.29.
MTY has been the subject of a number of research reports. National Bankshares raised their price objective on MTY Food Group from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Finally, TD Securities upped their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th.
Check Out Our Latest Stock Analysis on MTY Food Group
MTY Food Group Stock Performance
MTY Food Group (TSE:MTY – Get Free Report) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.14. The firm had revenue of C$303.74 million for the quarter, compared to analysts’ expectations of C$294.10 million. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. As a group, sell-side analysts forecast that MTY Food Group will post 4.2282927 earnings per share for the current fiscal year.
MTY Food Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.
About MTY Food Group
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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