MTY Food Group Inc. (TSE:MTY) Given Average Rating of “Hold” by Brokerages

MTY Food Group Inc. (TSE:MTY) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$54.43.

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. National Bankshares boosted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Finally, TD Securities raised their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th.

MTY Food Group Price Performance

Shares of TSE:MTY opened at C$46.23 on Friday. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 149.81, a current ratio of 0.64 and a quick ratio of 0.57. MTY Food Group has a 12 month low of C$40.45 and a 12 month high of C$60.10. The stock’s 50 day moving average price is C$43.96 and its 200 day moving average price is C$45.84.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, topping the consensus estimate of C$0.99 by C$0.14. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. The firm had revenue of C$303.74 million for the quarter, compared to analysts’ expectations of C$294.10 million. Equities research analysts anticipate that MTY Food Group will post 4.2289377 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.42%. MTY Food Group’s payout ratio is currently 27.32%.

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.