MTY Food Group (TSE:MTY) Sets New 1-Year Low – Here’s Why

Shares of MTY Food Group Inc. (TSE:MTY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$31.72 and last traded at C$31.72, with a volume of 16580 shares trading hands. The stock had previously closed at C$32.45.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. National Bank Financial dropped 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 note on Monday, July 13th. Royal Bank Of Canada lowered 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 report on Monday, July 13th. TD Securities raised MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Raymond James Financial cut their price target on 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. Finally, Scotia reduced 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 report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MTY Food Group has a consensus rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Trading Down 2.3%

The business has a 50-day moving average price of C$34.50 and a 200-day moving average price of C$37.49. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64. The firm has a market capitalization of C$724.06 million, a P/E ratio of 6.44, a PEG ratio of 0.75 and a beta of 1.03.

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

MTY Food Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, August 4th. MTY Food Group’s payout ratio is 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.