MTY Food Group Inc. (TSE:MTY) Receives Average Rating of “Hold” from Analysts

MTY Food Group Inc. (TSE:MTY) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$54.43.

A number of research firms have recently commented on MTY. Royal Bank of Canada upped their price objective on shares of MTY Food Group from C$51.00 to C$53.00 in a research note on Friday, July 12th. National Bankshares upped their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. Finally, TD Securities increased their price target on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th.

MTY Food Group Stock Up 1.9 %

MTY stock opened at C$46.86 on Wednesday. The company has a 50 day moving average price of C$44.51 and a two-hundred day moving average price of C$45.34. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 11.80, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a one year low of C$40.45 and a one year high of C$59.80.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 EPS for the quarter, beating analysts’ consensus estimates of C$1.04 by C$0.42. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. The business had revenue of C$292.75 million during the quarter, compared to the consensus estimate of C$300.60 million. As a group, sell-side analysts expect that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be paid 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 Tuesday, November 5th. MTY Food Group’s dividend payout ratio is currently 28.21%.

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.