MTY Food Group (TSE:MTY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

MTY Food Group Inc. (TSE:MTY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$39.51 and traded as high as C$39.71. MTY Food Group shares last traded at C$39.31, with a volume of 27,072 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MTY shares. National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the company an “outperform” rating in a research report on Monday, April 6th. TD Securities raised their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada lowered their price objective on 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. TD lowered their price objective on 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. Finally, Raymond James Financial lowered their price objective on 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$46.00.

MTY Food Group Stock Performance

The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. The business has a 50 day moving average price of C$39.08 and a 200 day moving average price of C$39.51. The stock has a market capitalization of C$897.88 million, a PE ratio of 5.84, a PEG ratio of 0.75 and a beta of 1.01.

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

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.8%. MTY Food Group’s dividend payout ratio (DPR) is presently 20.21%.

About MTY Food Group

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.