MTY Food Group (TSE:MTY) Share Price Passes Above 200-Day Moving Average – Here’s Why

MTY Food Group Inc. (TSE:MTY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.99 and traded as high as C$44.23. MTY Food Group shares last traded at C$42.09, with a volume of 261,759 shares.

Analyst Ratings Changes

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

MTY Food Group Stock Down 2.7%

The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The business’s fifty day moving average price is C$38.44 and its two-hundred day moving average price is C$37.99. The firm has a market cap of C$961.38 million, a P/E ratio of 28.44, a P/E/G ratio of 0.75 and a beta of 1.29.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, October 10th. The company reported C$1.22 EPS for the quarter. MTY Food Group had a net margin of 8.30% and a return on equity of 11.66%. The firm had revenue of C$296.99 million for the quarter. As a group, equities research analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. MTY Food Group’s dividend payout ratio is currently 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.