MTY Food Group Inc. (TSE:MTY) Given Average Rating of “Hold” by Analysts

Shares of MTY Food Group Inc. (TSE:MTY) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$46.00.

A number of research analysts recently issued reports on MTY shares. Scotiabank lowered their target price on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. National Bank Financial set a C$49.00 price objective on shares of MTY Food Group and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial lowered their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Monday, April 13th. TD dropped their target price on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Finally, Royal Bank Of Canada cut their target price on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Monday, April 13th.

MTY Food Group Stock Performance

MTY opened at C$37.98 on Thursday. The business has a 50 day moving average price of C$39.14 and a two-hundred day moving average price of C$39.70. The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. The company has a market capitalization of C$867.50 million, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 0.75 and a beta of 1.01. MTY Food Group has a 1-year low of C$32.92 and a 1-year high of C$46.21.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company 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%. Research analysts predict that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.9%. 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.