MTY Food Group Inc. (TSE:MTY – Get Free Report) has been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$54.43.
A number of analysts have recently weighed in on MTY shares. Royal Bank of Canada upped their target price on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. TD Securities upped their target price on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Finally, National Bankshares upped their target price on MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th.
Check Out Our Latest Analysis on MTY Food Group
MTY Food Group Stock Performance
MTY Food Group (TSE:MTY – Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The company reported C$1.46 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$292.75 million for the quarter, compared to analyst estimates of C$300.60 million. On average, equities analysts forecast that MTY Food Group will post 4.4909091 EPS for the current year.
MTY Food Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.12 annualized dividend and a yield of 2.45%. MTY Food Group’s dividend payout ratio is presently 28.21%.
MTY Food Group Company Profile
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.
Featured Stories
- Five stocks we like better than MTY Food Group
- How to Capture the Benefits of Dividend Increases
- Texas Roadhouse Stock Steering for New Highs This Year
- What is the Dow Jones Industrial Average (DJIA)?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Basic Materials Stocks Investing
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.