MTY Food Group (TSE:MTY) Trading Down 0.3% – Should You Sell?

MTY Food Group Inc. (TSE:MTY)’s stock price was down 0.3% on Monday . The stock traded as low as C$33.20 and last traded at C$33.65. Approximately 146,904 shares were traded during trading, an increase of 94% from the average daily volume of 75,901 shares. The stock had previously closed at C$33.75.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD reduced their price objective on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Scotiabank cut their price target on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. National Bank Financial set a C$49.00 target price on MTY Food Group and gave the company an “outperform” rating in a research report on Monday, June 22nd. Royal Bank Of Canada lowered their target price on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, Raymond James Financial dropped their price target on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MTY Food Group has a consensus rating of “Hold” and a consensus price target of C$46.00.

MTY Food Group Trading Down 0.2%

The business has a 50 day moving average of C$38.59 and a two-hundred day moving average of C$39.67. The firm has a market capitalization of C$769.28 million, a price-to-earnings ratio of 5.00, a P/E/G ratio of 0.75 and a beta of 1.00. 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 (TSE:MTY) last released its quarterly earnings data on Friday, April 10th. The company reported C$0.98 EPS for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The firm had revenue of C$267.76 million during the quarter. Equities analysts predict that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, May 5th. MTY Food Group’s payout ratio is 20.21%.

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.