MTY Food Group Inc. (TSE:MTY) Plans Quarterly Dividend of $0.28

MTY Food Group Inc. (TSE:MTY) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.28 per share on Wednesday, May 15th. This represents a $1.12 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, May 2nd.

MTY Food Group Stock Up 0.7 %

Shares of MTY Food Group stock opened at C$49.45 on Tuesday. The company’s 50 day moving average price is C$50.08 and its 200-day moving average price is C$52.60. MTY Food Group has a 52-week low of C$44.48 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. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of C$263.20 million. Equities research analysts forecast that MTY Food Group will post 4.0429722 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTY. Acumen Capital reduced their price objective on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Raymond James reduced their price target on shares of MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their price target on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Monday, April 15th. National Bankshares cut their price objective on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, CIBC reduced their target price on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$54.29.

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.