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

MTY Food Group Inc. (TSE:MTY) has received an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$42.50.

Several equities analysts recently issued reports on the company. National Bank Financial lowered their price objective on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. TD Securities raised MTY Food Group to a “hold” rating in a report on Monday, July 13th. TD decreased their price target on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada lowered their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, Scotiabank dropped their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th.

MTY Food Group Stock Performance

Shares of TSE MTY opened at C$33.23 on Monday. The firm’s 50 day moving average price is C$37.47 and its 200-day moving average price is C$39.33. The company has a market cap of C$759.01 million, a PE ratio of 6.75, a P/E/G ratio of 0.75 and a beta of 1.00. MTY Food Group has a 52-week low of C$31.87 and a 52-week high of C$45.90. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. MTY Food Group’s payout ratio is 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.