MTY Food Group (TSE:MTY) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of MTY Food Group Inc. (TSE:MTY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$45.41 and traded as low as C$45.02. MTY Food Group shares last traded at C$46.44, with a volume of 28,724 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bankshares increased their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$54.43.

MTY Food Group Price Performance

The company has a market cap of C$1.10 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.75 and a beta of 1.95. The company’s 50 day moving average price is C$46.81 and its 200 day moving average price is C$45.40. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.40.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.04 by C$0.42. The company had revenue of C$292.75 million for the quarter, compared to analyst estimates of C$300.60 million. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. Equities research analysts forecast that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) is currently 28.21%.

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.