MTY Food Group Inc. (TSE:MTY) Stock Has Consensus Target Price of C$42.12 According to Brokerages

MTY Food Group Inc. (TSE:MTY) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$42.12.

A number of brokerages have commented on MTY. Acumen Capital reduced their target price on shares of 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 lowered 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 research note on Tuesday, September 15th. TD cut their price target on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a report on Monday, July 13th. TD Securities raised MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada reduced their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th.

MTY Food Group Trading Down 0.1%

MTY stock opened at C$31.04 on Friday. MTY Food Group has a twelve month low of C$30.63 and a twelve month high of C$45.90. The stock has a market capitalization of C$708.98 million, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64. The firm’s fifty day simple moving average is C$33.75 and its two-hundred day simple moving average is C$36.64.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Friday, July 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The firm had revenue of C$279.94 million during the quarter. As a group, analysts anticipate that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a yield of 4.8%. MTY Food Group’s payout ratio is currently 28.46%.

About MTY Food Group

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.