MTY Food Group Inc. (TSE:MTY) Stock Has Average Target Price of C$42.12

MTY Food Group Inc. (TSE:MTY) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$42.12.

Several brokerages recently weighed in on MTY. Acumen Capital cut their price objective 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. National Bank Financial decreased their target price on shares of MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Raymond James Financial dropped their price target 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. Scotia cut their price target on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, TD reduced their price objective on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday, July 13th.

MTY Food Group Price Performance

Shares of MTY opened at C$30.78 on Friday. The company has a market cap of C$703.05 million, a P/E ratio of 6.26, a PEG ratio of 0.75 and a beta of 0.98. The stock has a fifty day moving average price of C$33.63 and a 200 day moving average price of C$36.52. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. MTY Food Group has a 12 month low of C$30.60 and a 12 month high of C$45.90.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share 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, research analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 annualized dividend and a dividend yield of 4.8%. MTY Food Group’s dividend payout ratio 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.