MTY Food Group (TSE:MTY) Reaches New 1-Year Low – Time to Sell?

Shares of MTY Food Group Inc. (TSE:MTY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$31.87 and last traded at C$34.31, with a volume of 48787 shares traded. The stock had previously closed at C$37.74.

Analyst Ratings Changes

MTY has been the subject of several recent analyst reports. Raymond James Financial reduced their target price on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada lowered their price target on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. TD cut their price objective on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a report on Monday, April 13th. National Bank Financial set a C$49.00 price objective on shares of MTY Food Group and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Scotiabank lowered their target price 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. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, MTY Food Group has an average rating of “Hold” and an average target price of C$46.00.

MTY Food Group Stock Performance

The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market cap of C$793.50 million, a PE ratio of 5.16, a PEG ratio of 0.75 and a beta of 1.00. The business’s 50-day moving average is C$38.72 and its 200 day moving average is C$39.70.

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

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 5th. MTY Food Group’s payout ratio is 20.21%.

MTY Food Group Company Profile

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.