MTY Food Group Inc. (TSE:MTY) Given Average Recommendation of “Hold” by Analysts

MTY Food Group Inc. (TSE:MTY) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$46.00.

Several brokerages have commented on MTY. 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 on the stock in a research note on Monday, April 13th. Raymond James Financial decreased 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 report on Monday, April 13th. Scotiabank lowered their target price on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. National Bank Financial set a C$49.00 target price on MTY Food Group and gave the company an “outperform” rating in a research note on Monday. Finally, TD decreased their price target on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a research note on Monday, April 13th.

MTY Food Group Stock Up 2.4%

MTY Food Group stock opened at C$37.98 on Thursday. The company has a 50-day simple moving average of C$39.14 and a 200-day simple moving average of C$39.70. The firm has a market capitalization of C$867.50 million, a P/E ratio of 5.64, a P/E/G ratio of 0.75 and a beta of 1.01. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69. MTY Food Group has a one year low of C$32.92 and a one year high of C$46.21.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. The firm 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%. As a group, equities analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.9%. 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.