MTY Food Group Inc. (TSE:MTY) Receives C$42.50 Average PT from Analysts

MTY Food Group Inc. (TSE:MTY) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$42.50.

A number of equities analysts have issued reports on MTY shares. Raymond James Financial reduced their target price on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Scotiabank lowered their price objective 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 research report on Monday, April 13th. National Bank Financial dropped their price target on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Acumen Capital reduced their price objective on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a research report on Monday, July 13th.

MTY Food Group Stock Up 2.4%

Shares of TSE:MTY opened at C$33.23 on Monday. The company’s fifty day moving average is C$37.47 and its 200-day moving average is C$39.32. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. MTY Food Group has a 52 week low of C$31.87 and a 52 week high of C$45.90. The company has a market capitalization of C$759.01 million, a PE ratio of 6.75, a P/E/G ratio of 0.75 and a beta of 1.00.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. MTY Food Group’s dividend payout ratio is 28.46%.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.