National Bankshares Boosts MTY Food Group (TSE:MTY) Price Target to C$54.00

MTY Food Group (TSE:MTY) had its price objective boosted by National Bankshares from C$53.00 to C$54.00 in a research note published on Thursday, BayStreet.CA reports.

MTY has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. TD Securities raised their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$54.43.

MTY Food Group Stock Performance

Shares of MTY Food Group stock opened at C$45.60 on Thursday. The company has a debt-to-equity ratio of 149.81, a current ratio of 0.64 and a quick ratio of 0.57. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The stock’s 50-day moving average is C$43.97 and its 200-day moving average is C$46.05. MTY Food Group has a one year low of C$40.45 and a one year high of C$60.10.

MTY Food Group (TSE:MTY) last announced its earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.14. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. The business had revenue of C$303.74 million for the quarter, compared to analyst estimates of C$294.10 million. Equities analysts predict that MTY Food Group will post 4.2947368 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.46%. MTY Food Group’s dividend payout ratio is currently 27.32%.

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.