MTY Food Group Inc. (TSE:MTY) to Issue Quarterly Dividend of $0.21

MTY Food Group Inc. (TSE:MTY – Get Rating) declared a quarterly dividend on Tuesday, April 19th, Zacks reports. Investors of record on Tuesday, May 3rd will be given a dividend of 0.21 per share on Friday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, May 2nd.

MTY opened at C$54.38 on Wednesday. The business has a fifty day simple moving average of C$53.38 and a 200 day simple moving average of C$57.55. The company has a market capitalization of C$1.33 billion and a PE ratio of 15.72. MTY Food Group has a 1 year low of C$47.90 and a 1 year high of C$72.10. The company has a debt-to-equity ratio of 128.57, a current ratio of 0.65 and a quick ratio of 0.59.

MTY Food Group (TSE:MTY – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$146.29 million for the quarter, compared to the consensus estimate of C$152.60 million. Equities analysts anticipate that MTY Food Group will post 3.9000001 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on MTY shares. CIBC increased their price target on MTY Food Group from C$76.00 to C$77.00 and gave the company an “outperform” rating in a research note on Monday, April 11th. Acumen Capital decreased their target price on MTY Food Group from C$77.00 to C$76.00 and set a “buy” rating for the company in a research note on Monday, April 11th. Royal Bank of Canada increased their price target on MTY Food Group from C$66.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Monday, April 11th. Scotiabank raised their target price on MTY Food Group from C$60.00 to C$63.00 in a report on Monday, April 11th. Finally, Raymond James dropped their target price on MTY Food Group from C$73.00 to C$68.00 and set a “market perform” rating on the stock in a report on Friday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$69.88.

In other MTY Food Group news, Director Eric Lefebvre acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was bought at an average price of C$50.73 per share, with a total value of C$50,725.00. Following the completion of the purchase, the director now owns 11,059 shares of the company’s stock, valued at C$560,967.78.

About MTY Food Group (Get Rating)

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants 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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