MTY Food Group (TSE:MTY) Share Price Passes Above Two Hundred Day Moving Average of $60.65

MTY Food Group Inc. (TSE:MTY – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$60.65 and traded as high as C$63.55. MTY Food Group shares last traded at C$63.35, with a volume of 44,511 shares.

Wall Street Analyst Weigh In

MTY has been the topic of a number of recent research reports. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$59.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Friday, February 17th. TD Securities raised their target price on shares of MTY Food Group from C$65.00 to C$67.00 and gave the company a “hold” rating in a report on Friday, February 17th. National Bankshares raised their target price on shares of MTY Food Group from C$67.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, February 17th. CIBC decreased their target price on shares of MTY Food Group from C$77.00 to C$73.00 and set a “neutral” rating on the stock in a report on Friday, February 17th. Finally, Scotiabank raised their target price on shares of MTY Food Group from C$66.00 to C$75.00 in a report on Friday, February 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$71.14.

MTY Food Group Stock Down 1.5 %

The company has a market capitalization of C$1.55 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.87. The company has a debt-to-equity ratio of 148.46, a quick ratio of 0.57 and a current ratio of 0.61. The firm’s fifty day moving average is C$65.72 and its 200-day moving average is C$60.65.

MTY Food Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 2nd. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. MTY Food Group’s payout ratio is 33.78%.

MTY Food Group Company Profile

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MTY Food Group Inc franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. The company also sells retail products under a multitude of banners. As of November 30, 2021, the company had 6,719 locations comprising 6,603 franchised, 23 joint ventures, and 93 corporate locations.