MTY Food Group Inc. (TSE:MTY) Given Consensus Rating of “Hold” by Brokerages

MTY Food Group Inc. (TSE:MTY) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$53.57.

A number of equities analysts recently weighed in on MTY shares. Acumen Capital lowered their target price on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a research note on Monday, April 15th. National Bankshares lowered their target price on shares of MTY Food Group from C$57.00 to C$52.00 and set an “outperform” rating for the company in a research note on Wednesday, June 19th. CIBC lowered their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Raymond James decreased their price target on shares of MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th. Finally, Scotiabank decreased their price target on shares of MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Monday, April 15th.

MTY Food Group Price Performance

MTY stock opened at C$43.84 on Thursday. The company has a fifty day moving average price of C$45.95 and a 200-day moving average price of C$50.67. The company has a market capitalization of C$1.06 billion, a P/E ratio of 10.41, a PEG ratio of 0.75 and a beta of 1.98. MTY Food Group has a 52-week low of C$43.10 and a 52-week high of C$68.60. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61.

MTY Food Group (TSE:MTY) last released 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). The business had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. As a group, equities analysts expect that MTY Food Group will post 3.6823529 EPS for the current year.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, May 2nd. MTY Food Group’s dividend payout ratio is currently 26.60%.

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.