MTY Food Group Inc. (TSE:MTY) Receives C$54.29 Average Target Price from Brokerages

Shares of MTY Food Group Inc. (TSE:MTY) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$54.29.

A number of research analysts recently issued reports on the stock. National Bankshares raised their target price on shares of MTY Food Group from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. TD Securities raised their price target on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Finally, Royal Bank of Canada boosted their price objective on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th.

MTY Food Group Stock Performance

Shares of TSE MTY opened at C$41.57 on Tuesday. The business’s 50-day simple moving average is C$44.61 and its 200-day simple moving average is C$46.78. The company has a debt-to-equity ratio of 149.81, a quick ratio of 0.57 and a current ratio of 0.64. MTY Food Group has a 52 week low of C$41.05 and a 52 week high of C$65.00. The firm has a market cap of C$993.94 million, a price-to-earnings ratio of 10.14, a P/E/G ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.14. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. The company had revenue of C$303.74 million for the quarter, compared to the consensus estimate of C$294.10 million. As a group, equities research analysts expect that MTY Food Group will post 4.2282927 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio is currently 27.32%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.