MTY Food Group (TSE:MTY) Price Target Lowered to C$50.00 at Scotiabank

MTY Food Group (TSE:MTY) had its price target decreased by Scotiabank from C$55.00 to C$50.00 in a report released on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

MTY has been the subject of a number of other research reports. Royal Bank of Canada dropped their price objective on MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating for the company in a report on Friday, February 16th. Acumen Capital lifted their price target on shares of MTY Food Group from C$60.00 to C$75.00 and gave the company a buy rating in a research note on Friday, February 16th. Raymond James dropped their price target on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating on the stock in a research note on Friday, February 16th. National Bankshares decreased their price target on shares of MTY Food Group from C$59.00 to C$57.00 and set an outperform rating for the company in a research note on Monday. Finally, TD Securities reduced their price objective on shares of MTY Food Group from C$59.00 to C$49.00 and set a hold rating for the company 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 stock. Based on data from MarketBeat, MTY Food Group currently has an average rating of Hold and an average target price of C$54.29.

MTY Food Group Stock Down 0.4 %

Shares of TSE:MTY opened at C$46.61 on Monday. MTY Food Group has a 12 month low of C$44.48 and a 12 month high of C$68.60. The company’s 50-day moving average price is C$51.26 and its two-hundred day moving average price is C$53.05. The firm has a market cap of C$1.13 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.75 and a beta of 1.98. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share 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 firm had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. As a group, research analysts forecast that MTY Food Group will post 4.0429722 EPS for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.40%. MTY Food Group’s dividend payout ratio (DPR) is currently 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.