MTY Food Group (TSE:MTY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

MTY Food Group Inc. (TSE:MTY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.25 and traded as high as C$48.00. MTY Food Group shares last traded at C$47.12, with a volume of 45,047 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTY. National Bankshares upped their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. TD Securities lifted their target price on MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Finally, Royal Bank of Canada boosted their price target on MTY Food Group from C$51.00 to C$53.00 in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, MTY Food Group presently has a consensus rating of “Hold” and a consensus target price of C$54.43.

MTY Food Group Stock Performance

The stock has a market cap of C$1.11 billion, a P/E ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The stock has a 50-day simple moving average of C$44.86 and a 200-day simple moving average of C$45.25.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. The company had revenue of C$292.75 million during the quarter, compared to the consensus estimate of C$300.60 million. Research analysts forecast that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.12 annualized dividend and a yield of 2.38%. MTY Food Group’s payout ratio is 28.21%.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.