MTY Food Group (TSE:MTY – Free Report) had its price objective decreased by Scotiabank from C$55.00 to C$50.00 in a research note published on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. National Bankshares dropped their price target on shares of MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a research note on Monday. Raymond James dropped their price target on shares of MTY Food Group from C$65.00 to C$60.00 and set a market perform rating on the stock in a research note on Friday, February 16th. Royal Bank of Canada dropped their price target on shares of MTY Food Group from C$66.00 to C$48.00 and set a sector perform rating on the stock in a research note on Friday, February 16th. CIBC lowered their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an outperform rating on the stock in a research note on Monday. Finally, Acumen Capital lifted their target price on shares of MTY Food Group from C$60.00 to C$75.00 and gave the stock a buy rating in a research note on Friday, February 16th. Four investment 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 currently has an average rating of Hold and an average price target of C$55.00.
View Our Latest Report on MTY Food Group
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last released its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. The company had revenue of C$278.64 million during the quarter, compared to analyst estimates of C$263.20 million. Analysts expect that MTY Food Group will post 4.0429722 EPS for the current year.
MTY Food Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.44%. MTY Food Group’s dividend payout ratio (DPR) is presently 24.24%.
About MTY Food Group
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.
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