MTY Food Group Inc. (TSE:MTY) Receives Consensus Rating of “Hold” from Analysts

Shares of MTY Food Group Inc. (TSE:MTY) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$46.00.

A number of equities analysts have recently issued reports on MTY shares. National Bank Financial set a C$49.00 target price on shares of MTY Food Group and gave the stock an “outperform” rating in a research report on Monday, April 6th. Scotiabank reduced their target price on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Royal Bank Of Canada reduced their target price on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. TD Securities upped their target price on shares of MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Finally, TD reduced their target price on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a research report on Monday, April 13th.

MTY Food Group Price Performance

Shares of MTY stock opened at C$39.59 on Friday. MTY Food Group has a 1 year low of C$32.92 and a 1 year high of C$46.21. The firm’s 50 day moving average is C$39.06 and its 200-day moving average is C$39.47. The firm has a market capitalization of C$904.28 million, a price-to-earnings ratio of 5.88, a PEG ratio of 0.75 and a beta of 0.90. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 127.62.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. The company had revenue of C$267.77 million for the quarter. Sell-side analysts forecast that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, May 5th. MTY Food Group’s dividend payout ratio is presently 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.