MTY Food Group Inc. (TSE:MTY) Given Consensus Rating of “Hold” by Analysts

Shares of MTY Food Group Inc. (TSE:MTY) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$53.57.

A number of research firms recently commented on MTY. CIBC lowered their price target on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Royal Bank of Canada lowered their price target on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a report on Monday, April 15th. Scotiabank lowered their price target on shares of MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a report on Monday, April 15th. Raymond James lowered their price target on shares of MTY Food Group from C$60.00 to C$55.00 in a report on Tuesday, April 16th. Finally, National Bankshares lowered their price target on shares of MTY Food Group from C$57.00 to C$52.00 and set an “outperform” rating for the company in a report on Wednesday.

MTY Food Group Price Performance

MTY stock opened at C$43.78 on Thursday. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57. MTY Food Group has a one year low of C$43.34 and a one year high of C$68.60. The stock has a market cap of C$1.06 billion, a PE ratio of 10.40, a P/E/G ratio of 0.75 and a beta of 1.98. The firm has a 50 day simple moving average of C$46.26 and a two-hundred day simple moving average of C$50.97.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The company had revenue of C$278.64 million during the quarter, compared to analysts’ expectations of C$263.20 million. On average, analysts predict that MTY Food Group will post 3.6823529 EPS for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, May 2nd. MTY Food Group’s payout ratio is presently 26.60%.

About MTY Food Group

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.