MTY Food Group (TSE:MTY) PT Lowered to C$51.00

MTY Food Group (TSE:MTY) had its target price decreased by Royal Bank of Canada from C$58.00 to C$51.00 in a report issued on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Acumen Capital raised their price target on MTY Food Group from C$60.00 to C$75.00 and gave the company a buy rating in a report on Friday, February 16th. CIBC lowered their target price on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating for the company in a research note on Monday. Raymond James lowered their target price on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a research note on Friday, February 16th. Scotiabank lowered their target price on MTY Food Group from C$55.00 to C$50.00 and set a sector perform rating for the company in a research note on Monday. Finally, TD Securities lowered their target price on MTY Food Group from C$59.00 to C$49.00 and set a hold rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of C$55.00.

MTY Food Group Trading Up 1.5 %

MTY stock opened at C$45.83 on Monday. The business has a fifty day moving average price of C$51.92 and a 200 day moving average price of C$53.25. MTY Food Group has a fifty-two week low of C$44.48 and a fifty-two week high of C$68.60. The stock has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.75 and a beta of 1.98. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share 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 business had revenue of C$278.64 million for 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 fiscal year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be given a $0.28 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.44%. MTY Food Group’s dividend 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.