MTY Food Group Inc. (TSE:MTY) Receives C$42.50 Average Price Target from Brokerages

MTY Food Group Inc. (TSE:MTY) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$42.50.

Several research analysts have recently issued reports on the stock. Acumen Capital dropped their price objective on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a report on Monday, July 13th. TD Securities upgraded MTY Food Group to a “hold” rating in a research note on Monday, July 13th. Raymond James Financial dropped their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada reduced their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, TD dropped their price target on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a report on Monday, July 13th.

MTY Food Group Stock Performance

TSE:MTY opened at C$34.37 on Friday. The firm has a market capitalization of C$785.05 million, a PE ratio of 6.99, a PEG ratio of 0.75 and a beta of 0.97. The firm’s fifty day simple moving average is C$35.97 and its 200 day simple moving average is C$38.54. MTY Food Group has a 1 year low of C$31.87 and a 1 year high of C$45.90. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The firm had revenue of C$279.94 million during the quarter. On average, sell-side analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, August 4th. MTY Food Group’s dividend payout ratio (DPR) is presently 28.46%.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.