TD Securities Upgrades MTY Food Group (TSE:MTY) to “Hold”

MTY Food Group (TSE:MTY) was upgraded by analysts at TD Securities to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Raymond James Financial cut their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research note on Monday. Acumen Capital lowered their price target 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. TD cut their price objective on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday. Scotiabank reduced their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Finally, Scotia decreased their target price 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 research report on Monday. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and a consensus target price of C$42.50.

MTY Food Group Price Performance

Shares of TSE:MTY opened at C$32.66 on Monday. The business’s fifty day moving average price is C$38.30 and its two-hundred day moving average price is C$39.60. The stock has a market cap of C$745.99 million, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. 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 has a one year low of C$31.87 and a one year high of C$45.90.

MTY Food Group News Summary

Here are the key news stories impacting MTY Food Group this week:

• Positive Sentiment: MTY Food Group declared a quarterly dividend of C$0.37 per share, implying an annualized yield of about 4.5% for income-focused investors.
• Neutral Sentiment: Several analysts cut their price targets on MTY, but most kept ratings in the hold-to-buy range, suggesting reduced expectations rather than a major thesis change.
• Negative Sentiment: News reports said Papa Murphy’s is closing dozens of underperforming stores, including possible closures of up to 50 locations, signaling ongoing operational weakness and restructuring pressure.
• Negative Sentiment: Additional coverage described Papa Murphy’s parent MTY as struggling to attract customers to its brands, reinforcing concerns about softer same-store demand and profitability.
• Negative Sentiment: Analyst downgrades and lower targets from TD, RBC, National Bank Financial, Raymond James, Scotia, and Acumen Capital point to caution around MTY’s near-term growth outlook.

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.