MTY Food Group (TSE:MTY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

MTY Food Group Inc. (TSE:MTY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.51 and traded as high as C$39.71. MTY Food Group shares last traded at C$39.31, with a volume of 27,072 shares changing hands.

Analyst Upgrades and Downgrades

MTY has been the subject of several analyst reports. Scotiabank reduced their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. National Bank Financial set a C$49.00 price target on MTY Food Group and gave the company an “outperform” rating in a report on Monday, April 6th. Royal Bank Of Canada dropped their price objective on 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 increased their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Finally, TD dropped their price objective on 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. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and an average target price of C$46.00.

MTY Food Group Price Performance

The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. The company has a market capitalization of C$897.88 million, a PE ratio of 5.84, a PEG ratio of 0.75 and a beta of 1.01. The firm has a 50-day moving average of C$39.08 and a 200 day moving average of C$39.51.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, April 10th. The company reported C$0.98 EPS for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%.The company had revenue of C$267.77 million for the quarter. As a group, research analysts anticipate that MTY Food Group Inc. will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.8%. MTY Food Group’s dividend payout ratio (DPR) is 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.