Brokerages Set MTY Food Group Inc. (TSE:MTY) PT at C$54.43

Shares of MTY Food Group Inc. (TSE:MTY) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$54.43.

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

MTY Food Group Price Performance

Shares of MTY stock opened at C$45.68 on Wednesday. The stock has a 50-day moving average price of C$44.58 and a 200 day moving average price of C$45.35. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.40. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a 12 month low of C$40.45 and a 12 month high of C$59.80.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 EPS for the quarter, topping analysts’ consensus estimates of C$1.04 by C$0.42. The firm had revenue of C$292.75 million during the quarter, compared to analyst estimates of C$300.60 million. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. Research analysts expect that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) is 28.21%.

About MTY Food Group

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.