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

Shares of MTY Food Group Inc. (TSE:MTY) have received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$74.29.

A number of brokerages have weighed in on MTY. Royal Bank of Canada reissued a “sector perform” rating on shares of MTY Food Group in a research note on Friday, October 8th. TD Securities lifted their price target on MTY Food Group from C$65.00 to C$70.00 and gave the company a “hold” rating in a report on Tuesday, October 12th. Scotiabank increased their price objective on shares of MTY Food Group from C$65.00 to C$71.00 in a report on Monday, October 11th. Veritas Investment Research downgraded shares of MTY Food Group from a “buy” rating to a “reduce” rating in a report on Wednesday, October 13th. Finally, National Bank Financial increased their price target on shares of MTY Food Group to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 12th.

Shares of TSE:MTY traded up C$0.41 on Thursday, hitting C$58.95. The company had a trading volume of 37,320 shares, compared to its average volume of 84,430. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 143.72. The company has a market cap of C$1.46 billion and a PE ratio of 17.89. MTY Food Group has a 52-week low of C$47.15 and a 52-week high of C$72.10. The business has a 50 day moving average of C$64.42 and a 200 day moving average of C$62.82.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, October 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$150.80 million for the quarter. As a group, equities analysts predict that MTY Food Group will post 3.7899999 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Monday, November 15th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, November 1st. MTY Food Group’s dividend payout ratio is presently 5.65%.

MTY Food Group Company Profile

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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Analyst Recommendations for MTY Food Group (TSE:MTY)

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