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

MTY Food Group Inc. (TSE:MTY) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$54.29.

Several research analysts have weighed in on MTY shares. Royal Bank of Canada dropped their price objective on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Monday, April 15th. CIBC cut their price objective on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Raymond James reduced their price objective on MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday, April 16th. TD Securities dropped their target price on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating on the stock in a research report on Monday, April 15th. Finally, Acumen Capital reduced their price target on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday, April 15th.

MTY Food Group Stock Up 1.2 %

TSE:MTY opened at C$48.23 on Wednesday. The business’s fifty day moving average price is C$50.03 and its 200 day moving average price is C$52.52. The firm has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.75 and a beta of 1.98. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. MTY Food Group has a 1-year low of C$44.48 and a 1-year high of C$68.60.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The business had revenue of C$278.64 million during the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. On average, sell-side analysts forecast that MTY Food Group will post 3.6788711 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.32%. MTY Food Group’s dividend payout ratio (DPR) is currently 26.60%.

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.