MTY Food Group Inc (TSE:MTY) Director Murat Armutlu purchased 2,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of C$54.87 per share, for a total transaction of C$109,740.00. Following the completion of the acquisition, the director now directly owns 102,600 shares in the company, valued at C$5,629,662.

TSE MTY opened at C$54.67 on Tuesday. The firm has a market cap of $1.38 billion and a PE ratio of 20.01. The company has a current ratio of 0.50, a quick ratio of 0.42 and a debt-to-equity ratio of 46.10. MTY Food Group Inc has a 1-year low of C$45.22 and a 1-year high of C$73.19.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Thursday, April 11th. The company reported C$0.58 earnings per share for the quarter. The firm had revenue of C$107.30 million for the quarter. As a group, analysts forecast that MTY Food Group Inc will post 3.51000014446549 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.66 annualized dividend and a dividend yield of 1.21%. MTY Food Group’s payout ratio is 22.51%.

MTY has been the topic of several research analyst reports. National Bank Financial reissued an “outperform” rating and set a C$70.00 price target on shares of MTY Food Group in a report on Friday, January 18th. Laurentian lowered their price target on MTY Food Group from C$65.00 to C$60.00 in a report on Saturday, April 13th. Finally, TD Securities lowered their price target on MTY Food Group from C$62.00 to C$60.00 in a report on Tuesday, February 19th.

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MTY Food Group Company Profile

MTY Food Group Inc operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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