MTY Food Group (TSE:MTY) Stock Gets Price Target Cut from Raymond James Financial

MTY Food Group (TSE:MTY) had its price objective trimmed by Raymond James Financial from C$40.00 to C$35.00 in a research note released on Tuesday morning,BayStreet reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. National Bank Financial decreased their price target on MTY Food Group from C$40.00 to C$37.00 and set a “sector perform” rating for the company in a research note on Tuesday. Royal Bank Of Canada dropped their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. TD set a C$38.00 price objective on shares of MTY Food Group and gave the company a “hold” rating in a report on Thursday, October 8th. Scotia cut their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, Acumen Capital decreased their price objective on shares of 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. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$41.12.

MTY Food Group Stock Performance

Shares of MTY opened at C$32.15 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 117.99. The firm has a market cap of C$734.34 million, a PE ratio of 6.71, a P/E/G ratio of 0.75 and a beta of 0.98. MTY Food Group has a 12 month low of C$28.12 and a 12 month high of C$45.90. The stock has a fifty day moving average price of C$33.29 and a 200-day moving average price of C$36.20.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, October 9th. The company reported C$1.26 earnings per share for the quarter. MTY Food Group had a return on equity of 12.54% and a net margin of 9.67%. The firm had revenue of C$277.73 million for the quarter. Equities research analysts predict that MTY Food Group will post 4.49 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.37 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. MTY Food Group’s dividend payout ratio is presently 30.06%.

MTY Food Group Company Profile

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.