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

MTY Food Group Inc. (TSE:MTY) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$54.29.

MTY has been the subject of a number of research reports. National Bankshares raised their price objective on MTY Food Group from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Finally, TD Securities upped their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th.

MTY Food Group Stock Performance

Shares of TSE MTY opened at C$41.57 on Tuesday. The stock’s fifty day simple moving average is C$44.61 and its 200 day simple moving average is C$46.78. The stock has a market capitalization of C$993.94 million, a price-to-earnings ratio of 10.14, a PEG ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 149.81. MTY Food Group has a 52-week low of C$41.05 and a 52-week high of C$65.00.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.14. The firm had revenue of C$303.74 million for the quarter, compared to analysts’ expectations of C$294.10 million. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. As a group, sell-side analysts forecast that MTY Food Group will post 4.2282927 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.

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.