MTY Food Group (TSE:MTY) Stock Price Passes Below 200-Day Moving Average – What’s Next?

MTY Food Group Inc. (TSE:MTY)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.12 and traded as low as C$37.90. MTY Food Group shares last traded at C$38.14, with a volume of 40,368 shares changing hands.

Wall Street Analysts Forecast Growth

MTY has been the subject of several research reports. TD Securities cut their price target on MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. National Bankshares cut their target price on shares of MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Raymond James Financial lowered their price target on shares of MTY Food Group from C$50.00 to C$44.00 in a research report on Wednesday, November 19th. Scotiabank raised their price objective on shares of MTY Food Group from C$39.00 to C$41.00 in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada cut their price objective on MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$43.33.

MTY Food Group Stock Performance

The stock has a market cap of C$871.16 million, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57. The stock’s 50-day moving average is C$36.27 and its 200-day moving average is C$38.12.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Friday, October 10th. The company reported C$1.22 earnings per share for the quarter. MTY Food Group had a return on equity of 11.66% and a net margin of 8.30%.The company had revenue of C$296.99 million for the quarter. Analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were issued a $0.33 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.32 annualized dividend and a yield of 3.5%. MTY Food Group’s payout ratio is 85.81%.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.