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

MTY Food Group Inc. (TSE:MTY) has received an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$46.00.

Several equities analysts have issued reports on the stock. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Monday, April 13th. TD cut their target price on shares of MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada reduced their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Scotiabank decreased their price target 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, National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the stock an “outperform” rating in a research note on Monday, June 22nd.

MTY Food Group Stock Performance

Shares of MTY stock opened at C$37.59 on Thursday. MTY Food Group has a 1-year low of C$32.92 and a 1-year high of C$46.21. The company has a market cap of C$858.59 million, a price-to-earnings ratio of 5.59, a PEG ratio of 0.75 and a beta of 1.01. The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.56. The stock has a 50 day simple moving average of C$39.02 and a 200-day simple moving average of C$39.69.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$267.76 million for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. On average, equities research analysts expect that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. MTY Food Group’s payout ratio is currently 20.21%.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.