MTY Food Group (TSE:MTY) Reaches New 1-Year Low After Analyst Downgrade

MTY Food Group Inc. (TSE:MTY)’s share price reached a new 52-week low during trading on Tuesday after National Bank Financial lowered their price target on the stock from C$43.00 to C$40.00. National Bank Financial currently has an outperform rating on the stock. MTY Food Group traded as low as C$31.72 and last traded at C$31.72, with a volume of 16580 shares. The stock had previously closed at C$32.45.

Several other research firms have also recently issued reports on MTY. Raymond James Financial decreased their price target on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. Acumen Capital cut their target price 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. TD Securities raised shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. Scotia lowered their price target 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. Finally, TD dropped their price target on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and a consensus target price of C$42.12.

MTY Food Group Stock Up 0.2%

The business has a fifty day moving average of C$34.25 and a 200 day moving average of C$37.36. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64. The firm has a market cap of C$729.77 million, a P/E ratio of 6.49, a P/E/G ratio of 0.75 and a beta of 1.03.

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

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 annualized dividend and a yield of 4.6%. 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.