Shares of MTY Food Group Inc. (TSE:MTY – Get Free Report) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, 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 brokerages that have updated their coverage on the stock in the last year is C$54.43.
MTY has been the subject of several analyst reports. Royal Bank of Canada upped their target price on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. National Bankshares upped their price target on MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Finally, TD Securities increased their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th.
Check Out Our Latest Stock Analysis on MTY Food Group
MTY Food Group Stock Up 1.5 %
MTY Food Group (TSE:MTY – Get Free Report) last released its quarterly earnings data on Thursday, July 11th. The company reported C$1.13 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.14. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. The business had revenue of C$303.74 million for the quarter, compared to analyst estimates of C$294.10 million. Analysts forecast that MTY Food Group will post 4.2947368 earnings per share for the current year.
MTY Food Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio is presently 27.32%.
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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