MTY Food Group Inc. (TSE:MTY) Receives Average Rating of “Hold” from Brokerages

MTY Food Group Inc. (TSE:MTY) has been given a consensus rating of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$46.00.

Several equities analysts recently commented on the stock. Scotiabank cut their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada cut their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. TD Securities upped their price target on shares of MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, February 20th. National Bank Financial set a C$49.00 price target on shares of MTY Food Group and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Raymond James Financial cut their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Monday, April 13th.

MTY Food Group Stock Performance

Shares of TSE:MTY opened at C$39.37 on Friday. The company has a market capitalization of C$899.25 million, a price-to-earnings ratio of 5.85, a PEG ratio of 0.75 and a beta of 0.90. MTY Food Group has a 12 month low of C$32.92 and a 12 month high of C$46.21. The firm’s 50-day moving average is C$39.07 and its 200 day moving average is C$39.29. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 127.62.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Friday, April 10th. The company reported C$0.98 EPS for the quarter. The company had revenue of C$267.77 million for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. Research analysts predict that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, May 5th. MTY Food Group’s dividend payout ratio is currently 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.