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

MTY Food Group Inc. (TSE:MTY) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$54.43.

A number of analysts recently issued reports on the stock. National Bankshares raised their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. Royal Bank of Canada raised their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Finally, TD Securities lifted their price target on shares of MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th.

MTY Food Group Trading Up 1.4 %

Shares of MTY opened at C$46.29 on Wednesday. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The firm has a 50 day simple moving average of C$44.61 and a 200-day simple moving average of C$45.28. MTY Food Group has a 1-year low of C$40.45 and a 1-year high of C$59.80. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.

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

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.42%. MTY Food Group’s payout ratio 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.