MTY Food Group (TSE:MTY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

MTY Food Group Inc. (TSE:MTY)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$45.25 and traded as high as C$46.41. MTY Food Group shares last traded at C$45.96, with a volume of 32,735 shares trading hands.

Analyst Ratings Changes

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

MTY Food Group Trading Down 0.7 %

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 business has a fifty day moving average of C$44.65 and a 200-day moving average of C$45.25. The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) last released its earnings results on Friday, October 11th. The company reported C$1.46 EPS for the quarter, topping analysts’ consensus estimates of C$1.04 by C$0.42. The business had revenue of C$292.75 million for the quarter, compared to the consensus estimate of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. On average, equities analysts anticipate that MTY Food Group Inc. will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th 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 2.44%. MTY Food Group’s 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.