MTY Food Group (TSE:MTY) Given New C$55.00 Price Target at Raymond James

MTY Food Group (TSE:MTY) had its target price lowered by Raymond James from C$60.00 to C$55.00 in a research note published on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for MTY Food Group’s Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $0.80 EPS, FY2024 earnings at $3.56 EPS and FY2025 earnings at $4.30 EPS.

Other research analysts have also issued reports about the company. Royal Bank of Canada reduced their price target on MTY Food Group from C$58.00 to C$51.00 and set a sector perform rating on the stock in a research report on Monday. National Bankshares dropped their price objective on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a research note on Monday. Scotiabank dropped their price objective on MTY Food Group from C$55.00 to C$50.00 and set a sector perform rating on the stock in a research note on Monday. Acumen Capital dropped their price objective on MTY Food Group from C$75.00 to C$65.00 and set a buy rating on the stock in a research note on Monday. Finally, CIBC dropped their price objective on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating on the stock in a research note on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$54.29.

MTY Food Group Stock Up 2.5 %

Shares of MTY opened at C$46.98 on Tuesday. The firm has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.75 and a beta of 1.98. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61. The business’s fifty day moving average price is C$51.68 and its two-hundred day moving average price is C$53.17. MTY Food Group has a 52 week low of C$44.48 and a 52 week high of C$68.60.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The company had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. On average, analysts predict that MTY Food Group will post 4.0429722 earnings per share for the current year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio is 24.24%.

MTY Food Group Company Profile

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.