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

Shares of MTY Food Group Inc. (TSE:MTY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.99 and traded as high as C$44.23. MTY Food Group shares last traded at C$42.09, with a volume of 261,759 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Raymond James Financial reduced their price objective on shares of MTY Food Group from C$50.00 to C$44.00 in a research note on Wednesday, November 19th. National Bankshares cut their target price on shares of MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Scotiabank upped their price target on shares of MTY Food Group from C$39.00 to C$41.00 in a report on Tuesday, November 18th. TD Securities lowered their price target on MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada dropped their price objective on MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$43.33.

MTY Food Group Trading Down 2.7%

The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The stock has a market capitalization of C$961.38 million, a P/E ratio of 28.44, a P/E/G ratio of 0.75 and a beta of 1.29. The business’s fifty day simple moving average is C$38.44 and its two-hundred day simple moving average is C$37.99.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 10th. The company reported C$1.22 EPS for the quarter. MTY Food Group had a net margin of 8.30% and a return on equity of 11.66%. The business had revenue of C$296.99 million during the quarter. As a group, analysts forecast that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, November 4th. MTY Food Group’s dividend payout ratio (DPR) is presently 85.81%.

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.