MTY Food Group (TSE:MTY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

MTY Food Group Inc. (TSE:MTY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.51 and traded as high as C$39.71. MTY Food Group shares last traded at C$39.31, with a volume of 27,072 shares changing hands.

Wall Street Analysts Forecast Growth

MTY has been the topic of several research reports. TD Securities raised their target price on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada cut their price target on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Scotiabank lowered their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Raymond James Financial dropped their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Monday, April 13th. Finally, National Bank Financial set a C$49.00 price target on MTY Food Group and gave the stock an “outperform” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$46.00.

MTY Food Group Stock Down 0.6%

The business has a 50-day moving average price of C$39.14 and a two-hundred day moving average price of C$39.57. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62. The firm has a market cap of C$902.22 million, a PE ratio of 5.87, a price-to-earnings-growth ratio of 0.75 and a beta of 1.01.

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

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. MTY Food Group’s dividend payout ratio is currently 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.