MTY Food Group (TSE:MTY – Free Report) had its price target trimmed by TD Securities from C$59.00 to C$49.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the company. Raymond James decreased their target price on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a research report on Friday, February 16th. Royal Bank of Canada decreased their target price on MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating for the company in a research report on Friday, February 16th. CIBC decreased their target price on MTY Food Group from C$71.00 to C$62.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. National Bankshares decreased their target price on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating for the company in a research report on Monday. Finally, Scotiabank decreased their target price on MTY Food Group from C$62.00 to C$55.00 and set a sector perform rating for the company in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$54.29.
Get Our Latest Report on MTY Food Group
MTY Food Group Stock Performance
MTY Food Group (TSE:MTY – Get Free Report) last announced its quarterly earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The firm had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. As a group, research analysts forecast that MTY Food Group will post 4.0429722 earnings per share for the current year.
MTY Food Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio is presently 24.24%.
MTY Food Group Company Profile
MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.
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