MTY Food Group (TSE:MTY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of MTY Food Group Inc. (TSE:MTY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.67 and traded as high as C$41.49. MTY Food Group shares last traded at C$40.48, with a volume of 32,675 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on MTY. TD Securities lifted their price objective on 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. Royal Bank Of Canada decreased 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 report on Monday, April 13th. TD decreased 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 report 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. Finally, Scotiabank decreased their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$46.00.

MTY Food Group Price 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 firm has a fifty day moving average of C$39.28 and a two-hundred day moving average of C$39.67. The stock has a market capitalization of C$924.60 million, a P/E ratio of 6.01, a P/E/G ratio of 0.75 and a beta of 1.01.

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

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.37 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.48 dividend on an annualized basis and a yield of 3.7%. MTY Food Group’s 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.