National Bankshares Raises MTY Food Group (TSE:MTY) Price Target to C$54.00

MTY Food Group (TSE:MTY) had its price target hoisted by National Bankshares from C$53.00 to C$54.00 in a report published on Thursday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on MTY. TD Securities increased their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Royal Bank of Canada raised their target price on MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. 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 stock presently has an average rating of Hold and an average price target of C$54.43.

MTY Food Group Price Performance

Shares of MTY opened at C$45.60 on Thursday. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.75 and a beta of 1.95. MTY Food Group has a twelve month low of C$40.45 and a twelve month high of C$60.10. The company has a 50 day moving average of C$43.97 and a 200-day moving average of C$46.00. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 149.81.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.14. The company had revenue of C$303.74 million during the quarter, compared to the consensus estimate of C$294.10 million. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. As a group, equities research analysts forecast that MTY Food Group will post 4.2947368 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.

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.