MTY Food Group Inc. (MTY) To Go Ex-Dividend on August 4th

MTY Food Group Inc. (TSE:MTY) announced a quarterly dividend on Tuesday, August 4th, TickerTech Dividends reports. Investors of record on Friday, August 14th will be paid a dividend of 0.37 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, August 4th.

MTY Food Group Stock Performance

TSE:MTY opened at C$34.25 on Friday. The company has a market cap of C$782.30 million, a price-to-earnings ratio of 6.96, a PEG ratio of 0.75 and a beta of 1.00. MTY Food Group has a fifty-two week low of C$31.87 and a fifty-two week high of C$45.90. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The stock has a fifty day moving average price of C$37.07 and a 200-day moving average price of C$39.12.

Analysts Set New Price Targets

MTY has been the topic of a number of analyst reports. TD reduced their price objective 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 note on Monday, July 13th. Scotiabank cut their price target on shares of 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. Acumen Capital reduced their price target on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Finally, Scotia lowered their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MTY Food Group presently has a consensus rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Company Profile

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.