MTY Food Group Inc. (TSE:MTY) Receives C$54.43 Average Price Target from Analysts

MTY Food Group Inc. (TSE:MTY) 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.

MTY Food Group Stock Performance

Shares of TSE MTY opened at C$45.68 on Wednesday. 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’s fifty day moving average price is C$44.58 and its two-hundred day moving average price is C$45.35. MTY Food Group has a one year low of C$40.45 and a one year high of C$59.80. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) 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.