National Bank Financial Cuts MTY Food Group (TSE:MTY) Price Target to C$40.00

MTY Food Group (TSE:MTY) had its price objective trimmed by National Bank Financial from C$43.00 to C$40.00 in a report released on Tuesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on the stock. Scotia decreased their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada dropped their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. TD Securities upgraded MTY Food Group to a “hold” rating in a research note on Monday, July 13th. Acumen Capital reduced their price target on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, TD lowered their price target on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$42.12.

MTY Food Group Price Performance

Shares of TSE MTY opened at C$31.80 on Tuesday. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. The stock has a market capitalization of C$726.34 million, a price-to-earnings ratio of 6.46, a PEG ratio of 0.75 and a beta of 1.03. The firm’s 50 day simple moving average is C$34.13 and its 200-day simple moving average is C$37.29. MTY Food Group has a 12 month low of C$31.57 and a 12 month high of C$45.90.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The firm had revenue of C$279.94 million during the quarter. Analysts expect that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 4th. MTY Food Group’s dividend payout ratio (DPR) is presently 28.46%.

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.