Analysts Set MTY Food Group Inc. (TSE:MTY) Price Target at C$42.50

MTY Food Group Inc. (TSE:MTY) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$42.50.

A number of research firms have issued reports on MTY. Raymond James Financial cut their price target on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. National Bank Financial lowered their price objective on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. TD cut their target price on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday, July 13th. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Finally, Scotia reduced their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Monday, July 13th.

MTY Food Group Price Performance

TSE MTY opened at C$35.31 on Friday. The business’s fifty day moving average price is C$35.76 and its 200-day moving average price is C$38.44. The stock has a market capitalization of C$806.52 million, a price-to-earnings ratio of 7.18, a PEG ratio of 0.75 and a beta of 0.97. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. MTY Food Group has a 1-year low of C$31.87 and a 1-year high of C$45.90.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, July 10th. The company reported C$0.67 EPS for the quarter. The company had revenue of C$279.94 million during the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. On average, equities analysts predict that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, August 4th. MTY Food Group’s dividend payout ratio is 28.46%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.