MTY Food Group Inc. (MTY) to Issue Quarterly Dividend of $0.37 on May 15th

MTY Food Group Inc. (TSE:MTY) announced a quarterly dividend on Tuesday, May 5th, TickerTech Dividends reports. Investors of record on Friday, May 15th will be given a dividend of 0.37 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, May 5th.

MTY Food Group Stock Up 0.3%

TSE:MTY opened at C$40.70 on Friday. The stock has a 50-day simple moving average of C$39.69 and a 200 day simple moving average of C$38.74. MTY Food Group has a 52-week low of C$32.92 and a 52-week high of C$46.36. The company has a market cap of C$929.63 million, a PE ratio of 6.05, a PEG ratio of 0.75 and a beta of 0.85. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTY. National Bank Financial set a C$49.00 price target on MTY Food Group and gave the company an “outperform” rating in a research note on Monday, April 6th. Royal Bank Of Canada reduced their price objective on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. TD Securities upped their price objective on shares of MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, February 20th. Scotiabank dropped their price objective 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. Finally, Raymond James Financial cut their target price on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$46.00.

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.