MTY Food Group (TSE:MTY) Shares Cross Above 200 Day Moving Average – What’s Next?

MTY Food Group Inc. (TSE:MTY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$39.29 and traded as high as C$39.62. MTY Food Group shares last traded at C$39.37, with a volume of 33,143 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. National Bank Financial set a C$49.00 price objective on shares of MTY Food Group and gave the company an “outperform” rating in a research report on Monday, April 6th. TD cut their price objective on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Scotiabank dropped their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada dropped their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Finally, Raymond James Financial dropped their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and an average price target of C$46.00.

MTY Food Group Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62. The stock has a market cap of C$899.25 million, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. The company’s 50-day moving average is C$39.07 and its 200-day moving average is C$39.29.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. The firm had revenue of C$267.77 million during the quarter. Equities research analysts expect that MTY Food Group Inc. will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 5th. MTY Food Group’s dividend payout ratio is 20.21%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.