MTY Food Group Inc. (TSE:MTY – Get Free Report) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$53.57.
MTY has been the topic of a number of recent research reports. Raymond James decreased their price objective on MTY Food Group from C$60.00 to C$55.00 in a report on Tuesday, April 16th. TD Securities decreased their price objective on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating on the stock in a report on Monday, April 15th. National Bankshares decreased their price objective on MTY Food Group from C$57.00 to C$52.00 and set an “outperform” rating on the stock in a report on Wednesday, June 19th. Royal Bank of Canada cut their target price on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Monday, April 15th. Finally, CIBC cut their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, April 15th.
Get Our Latest Stock Report on MTY Food Group
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. On average, analysts anticipate that MTY Food Group will post 3.6823529 earnings per share for the current fiscal year.
MTY Food Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 26.60%.
MTY Food Group Company Profile
MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.
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