MTY Food Group (TSE:MTY) Stock Gets Price Target Reduction from National Bank Financial

MTY Food Group (TSE:MTY) had its price objective trimmed by National Bank Financial from C$40.00 to C$37.00 in a research report report published on Tuesday,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

Other equities analysts have also issued research reports about the company. Scotia dropped their price objective on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Raymond James Financial cut their price objective 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 report on Monday, July 13th. TD Securities raised shares of MTY Food Group to a “hold” rating in a report on Monday, July 13th. TD set a C$38.00 price objective on shares of MTY Food Group and gave the company a “hold” rating in a research report on Thursday, October 8th. Finally, Acumen Capital lowered their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, MTY Food Group presently has a consensus rating of “Hold” and an average target price of C$41.12.

MTY Food Group Trading Up 2.3%

Shares of MTY stock opened at C$32.15 on Tuesday. MTY Food Group has a 1 year low of C$28.12 and a 1 year high of C$45.90. The firm has a fifty day moving average price of C$33.29 and a 200-day moving average price of C$36.20. The company has a debt-to-equity ratio of 117.99, a current ratio of 0.75 and a quick ratio of 0.56. The company has a market cap of C$734.34 million, a price-to-earnings ratio of 6.71, a PEG ratio of 0.75 and a beta of 0.98.

MTY Food Group (TSE:MTY) last posted its quarterly earnings data on Friday, October 9th. The company reported C$1.26 earnings per share for the quarter. The firm had revenue of C$277.73 million for the quarter. MTY Food Group had a return on equity of 12.54% and a net margin of 9.67%. As a group, equities analysts predict that MTY Food Group will post 4.49 earnings per share for the current year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were paid 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 4.6%. MTY Food Group’s dividend payout ratio is presently 30.06%.

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.