MTY Food Group Inc. (TSE:MTY) Stock Now Rated “Hold” by Wall Street Analysts

MTY Food Group Inc. (TSE:MTY – Get Free Report) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$42.12.

Several analysts recently issued reports on the stock. Scotia reduced their price target on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Acumen Capital decreased their price target on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. National Bank Financial lowered their price target on MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Raymond James Financial dropped their price objective on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Finally, Royal Bank Of Canada reduced 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 note on Monday, July 13th.

Get Our Latest Research Report on MTY Food Group

MTY Food Group Trading Up 3.0%

Shares of TSE:MTY opened at C$31.15 on Friday. The business’s 50 day simple moving average is C$33.49 and its 200 day simple moving average is C$36.43. MTY Food Group has a 1 year low of C$28.12 and a 1 year high of C$45.90. 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 company has a market capitalization of C$711.50 million, a P/E ratio of 6.33, a P/E/G ratio of 0.75 and a beta of 0.98.

MTY Food Group (TSE:MTY – Get Free Report) last announced its quarterly earnings data on Friday, October 9th. The company reported C$1.26 earnings per share for the quarter. The firm had revenue of C$277.73 million during the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. On average, research analysts anticipate that MTY Food Group will post 4.49 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders 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 is 28.46%.

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About MTY Food Group

(Get Free Report)

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.

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Analyst Recommendations for MTY Food Group (TSE:MTY)

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