TD Securities Upgrades MTY Food Group (TSE:MTY) to “Hold”

MTY Food Group (TSE:MTY) was upgraded by TD Securities to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. National Bank Financial reduced their target price on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research note on Monday. TD dropped their price target on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank Of Canada reduced their price objective on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Monday. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Scotiabank dropped 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. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Stock Performance

Shares of MTY stock opened at C$32.66 on Monday. The company has a market capitalization of C$745.99 million, a P/E ratio of 4.85, a P/E/G ratio of 0.75 and a beta of 1.00. The business’s 50 day moving average is C$38.30 and its two-hundred day moving average is C$39.60. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64. MTY Food Group has a 12-month low of C$31.87 and a 12-month high of C$45.90.

MTY Food Group News Roundup

Here are the key news stories impacting MTY Food Group this week:

• Positive Sentiment: MTY Food Group declared a quarterly dividend of C$0.37 per share, implying an annualized yield of about 4.5% for income-focused investors.
• Neutral Sentiment: Several analysts cut their price targets on MTY, but most kept ratings in the hold-to-buy range, suggesting reduced expectations rather than a major thesis change.
• Negative Sentiment: News reports said Papa Murphy’s is closing dozens of underperforming stores, including possible closures of up to 50 locations, signaling ongoing operational weakness and restructuring pressure.
• Negative Sentiment: Additional coverage described Papa Murphy’s parent MTY as struggling to attract customers to its brands, reinforcing concerns about softer same-store demand and profitability.
• Negative Sentiment: Analyst downgrades and lower targets from TD, RBC, National Bank Financial, Raymond James, Scotia, and Acumen Capital point to caution around MTY’s near-term growth outlook.

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.