MTY Food Group (TSE:MTY) Sets New 1-Year Low – Should You Sell?

MTY Food Group Inc. (TSE:MTY) shares reached a new 52-week low on Wednesday. The company traded as low as C$30.83 and last traded at C$30.87, with a volume of 68035 shares trading hands. The stock had previously closed at C$31.42.

Analysts Set New Price Targets

Several research firms recently commented on MTY. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. TD reduced their price objective on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada decreased their price objective 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. National Bank Financial cut their price objective on shares of MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Finally, Scotia dropped 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 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$42.12.

MTY Food Group Stock Down 2.3%

The business’s 50 day moving average is C$33.70 and its 200-day moving average is C$36.58. The firm has a market capitalization of C$701.45 million, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The business had revenue of C$279.94 million for the quarter. Equities analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.8%. MTY Food Group’s dividend payout ratio (DPR) is presently 28.46%.

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.