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

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

MTY has been the topic of several analyst reports. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a report on Monday, July 13th. Scotia dropped their price objective on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Raymond James Financial cut 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 research note on Monday, July 13th. Royal Bank Of Canada reduced their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, TD lowered their price target on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, July 13th.

MTY Food Group Stock Up 0.7%

Shares of MTY opened at C$32.45 on Tuesday. The business’s fifty day moving average price is C$34.50 and its two-hundred day moving average price is C$37.49. The firm has a market capitalization of C$741.19 million, a price-to-earnings ratio of 6.60, a PEG ratio of 0.75 and a beta of 1.03. 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 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 announced its quarterly earnings data on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$279.94 million during the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. On average, analysts predict that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 annualized dividend and a dividend yield of 4.6%. MTY Food Group’s 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.