Brokerages Set MTY Food Group Inc. (TSE:MTY) PT at C$46.00

Shares of MTY Food Group Inc. (TSE:MTY) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$46.00.

Several research analysts have weighed in on MTY shares. TD Securities boosted their price target on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Raymond James Financial lowered their price target on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Monday, April 13th. National Bank Financial set a C$49.00 price target on MTY Food Group and gave the stock an “outperform” rating in a research report on Monday, April 6th. Scotiabank lowered their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Finally, TD lowered their price target on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a research report on Monday, April 13th.

MTY Food Group Stock Down 0.7%

TSE:MTY opened at C$39.33 on Friday. The firm has a market capitalization of C$898.34 million, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.01. MTY Food Group has a twelve month low of C$32.92 and a twelve month high of C$46.21. The stock’s 50 day moving average price is C$39.06 and its two-hundred day moving average price is C$39.47. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$267.77 million for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. Equities research analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.8%. MTY Food Group’s payout ratio is 20.21%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.