Analysts Set MTY Food Group Inc. (TSE:MTY) Target Price at C$54.43

MTY Food Group Inc. (TSE:MTY) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$54.43.

Several equities research analysts recently issued reports on MTY shares. National Bankshares lifted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Royal Bank of Canada boosted their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Finally, TD Securities boosted their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th.

MTY Food Group Stock Performance

MTY Food Group stock opened at C$46.29 on Wednesday. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$59.80. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The firm’s fifty day moving average price is C$44.61 and its 200 day moving average price is C$45.28.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. The firm had revenue of C$292.75 million for the quarter, compared to the consensus estimate of C$300.60 million. On average, research analysts forecast that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, November 5th. MTY Food Group’s dividend payout ratio is presently 28.21%.

About MTY Food Group

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.