MTY Food Group (TSE:MTY) Price Target Cut to C$50.00 by Analysts at Raymond James

MTY Food Group (TSE:MTY) had its target price decreased by Raymond James from C$55.00 to C$50.00 in a research report report published on Monday morning,BayStreet.CA reports.

MTY Food Group Stock Down 1.4 %

Shares of MTY stock opened at C$38.71 on Monday. The company has a market capitalization of C$902.61 million, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. MTY Food Group has a 12-month low of C$36.79 and a 12-month high of C$53.16. The firm has a fifty day moving average of C$43.02 and a 200-day moving average of C$45.58.

MTY Food Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.33 per share. This is a boost from MTY Food Group’s previous quarterly dividend of $0.28. This represents a $1.32 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, February 4th. MTY Food Group’s dividend payout ratio (DPR) is currently 27.97%.

MTY Food Group Company Profile

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.