MTY Food Group (TSE:MTY) Reaches New 1-Year Low – Here’s What Happened

MTY Food Group Inc. (TSE:MTY)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$30.83 and last traded at C$30.87, with a volume of 68035 shares trading hands. The stock had previously closed at C$31.42.

Analysts Set New Price Targets

MTY has been the subject of several recent research reports. Acumen Capital decreased their price objective on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a report on Monday, July 13th. National Bank Financial reduced their target price on shares of MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Scotia cut their price target 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. Raymond James Financial lowered their price target on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Finally, Royal Bank Of Canada cut their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$42.12.

MTY Food Group Trading Up 3.0%

The firm has a market cap of C$711.50 million, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a 50 day moving average price of C$33.55 and a 200 day moving average price of C$36.46. 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 released 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 13.22% and a net margin of 9.78%.The company had revenue of C$277.73 million during the quarter. On average, research analysts expect that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were given 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 4.8%. MTY Food Group’s dividend payout ratio (DPR) is currently 28.46%.

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.