MTY Food Group (TSE:MTY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

MTY Food Group Inc. (TSE:MTY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.67 and traded as high as C$41.49. MTY Food Group shares last traded at C$40.48, with a volume of 32,675 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on MTY shares. TD Securities lifted their target price on shares of MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada cut their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Monday, April 13th. TD lowered their price objective on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a research note on Monday, April 13th. 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 for the company in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, MTY Food Group presently has a consensus rating of “Hold” and a consensus target price of C$46.00.

MTY Food Group Trading Down 0.3%

The stock has a market capitalization of C$905.42 million, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 0.75 and a beta of 1.01. The stock has a 50-day moving average price of C$39.28 and a two-hundred day moving average price of C$39.70. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.56 and a current ratio of 0.69.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, April 10th. The company reported C$0.98 EPS for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%.The company had revenue of C$267.76 million during the quarter. On average, research analysts forecast that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, May 5th. MTY Food Group’s payout ratio is presently 20.21%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.