MTY Food Group (TSE:MTY) Reaches New 12-Month Low – What’s Next?

MTY Food Group Inc. (TSE:MTY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$32.21 and last traded at C$32.27, with a volume of 129200 shares trading hands. The stock had previously closed at C$32.85.

Analyst Ratings Changes

Several research firms have issued reports on MTY. TD Securities raised shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. TD decreased their target price on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. National Bank Financial lowered their target price on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Scotiabank cut their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, Scotia decreased their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$42.50.

MTY Food Group Trading Down 2.1%

The business’s 50-day simple moving average is C$37.67 and its two-hundred day simple moving average is C$39.40. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64. The company has a market capitalization of C$734.79 million, a PE ratio of 6.54, a PEG ratio of 0.75 and a beta of 1.00.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a yield of 4.6%. MTY Food Group’s dividend payout ratio is currently 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.