MTY Food Group Inc. (TSE:MTY) Given Consensus Recommendation of “Hold” by Analysts

MTY Food Group Inc. (TSE:MTY) has received a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$46.00.

A number of research firms have issued reports on MTY. TD decreased their price target on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a report on Monday, April 13th. TD Securities increased their price objective on shares of MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Scotiabank dropped 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 price target on shares of MTY Food Group and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Royal Bank Of Canada dropped their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th.

MTY Food Group Trading Up 1.1%

TSE:MTY opened at C$39.37 on Friday. MTY Food Group has a 52 week low of C$32.92 and a 52 week high of C$46.21. The firm has a 50 day moving average of C$39.07 and a 200 day moving average of C$39.29. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62. The stock has a market capitalization of C$899.25 million, a price-to-earnings ratio of 5.85, a PEG ratio of 0.75 and a beta of 0.90.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, April 10th. The company reported C$0.98 EPS for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. The company had revenue of C$267.77 million during the quarter. As a group, sell-side analysts anticipate that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, May 5th. MTY Food Group’s dividend payout ratio (DPR) is currently 20.21%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.