MTY Food Group Inc. (TSE:MTY) Stock Rated “Hold” by Sell-Side Analysts

MTY Food Group Inc. (TSE:MTY) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$41.12.

A number of analysts recently commented on MTY shares. National Bank Financial decreased their price target on MTY Food Group from C$40.00 to C$37.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 13th. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$40.00 to C$35.00 and set a “market perform” rating on the stock in a report on Tuesday, October 13th. Royal Bank Of Canada cut their price objective on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. Scotia dropped 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 research report on Monday, July 13th. Finally, TD set a C$38.00 target price on shares of MTY Food Group and gave the stock a “hold” rating in a research report on Thursday, October 8th.

MTY Food Group Stock Performance

Shares of MTY stock opened at C$32.46 on Wednesday. The company has a market cap of C$741.42 million, a P/E ratio of 6.78, a PEG ratio of 0.75 and a beta of 0.98. MTY Food Group has a 52 week low of C$28.12 and a 52 week high of C$45.90. The company has a quick ratio of 0.56, a current ratio of 0.75 and a debt-to-equity ratio of 117.99. The business has a 50 day moving average of C$32.65 and a two-hundred day moving average of C$37.16.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 9th. The company reported C$1.26 EPS for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. The business had revenue of C$277.73 million during the quarter. As a group, analysts anticipate that MTY Food Group will post 4.49 EPS for the current year.

MTY Food Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.50 per share. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.37. This represents a $2.00 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, November 3rd. MTY Food Group’s dividend payout ratio is presently 30.06%.

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.