MTY Food Group (TSE:MTY – Free Report) had its price objective cut by TD Securities from C$59.00 to C$49.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
Several other analysts have also recently issued reports on the company. Royal Bank of Canada cut their price objective on 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. Scotiabank decreased their price objective on MTY Food Group from C$62.00 to C$55.00 and set a sector perform rating for the company in a report on Friday, February 16th. National Bankshares decreased their price objective on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating for the company in a report on Monday. Raymond James decreased their price objective on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a report on Friday, February 16th. Finally, Acumen Capital increased their price objective on MTY Food Group from C$60.00 to C$75.00 and gave the stock a buy rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of C$55.00.
Check Out Our Latest Report on MTY Food Group
MTY Food Group Trading Up 1.5 %
MTY Food Group (TSE:MTY – Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. As a group, sell-side analysts predict that MTY Food Group will post 4.0429722 earnings per share for the current fiscal year.
MTY Food Group Dividend Announcement
The company also recently declared 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. This represents a $1.12 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, May 2nd. MTY Food Group’s payout ratio is currently 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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