MTY Food Group (TSE:MTY – Get Free Report) had its price objective upped by research analysts at TD Securities from C$37.00 to C$45.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 4.31% from the company’s previous close.
A number of other brokerages also recently issued reports on MTY. Royal Bank Of Canada lifted their price target on shares of MTY Food Group from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Friday. Raymond James Financial reduced their target price on MTY Food Group from C$50.00 to C$44.00 in a report on Wednesday, November 19th. Finally, Scotiabank boosted their target price on MTY Food Group from C$41.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$47.33.
Check Out Our Latest Stock Report on MTY Food Group
MTY Food Group Trading Down 1.6%
MTY Food Group News Roundup
Here are the key news stories impacting MTY Food Group this week:
- Positive Sentiment: Multiple brokerages raised price targets and reiterated/maintained neutral-to-positive ratings, signaling improved analyst confidence (Raymond James to C$46, TD Securities to C$45, National Bank Financial to C$49, Scotiabank to C$46, RBC to C$48). This cluster of hikes supports upside expectations and likely helped buying interest. Analyst Ratings
- Positive Sentiment: MTY reported a return to quarterly profit versus a loss a year earlier — a fundamental improvement that supports the raised targets and reduces near-term earnings risk. G&M: Q4 Profit
- Neutral Sentiment: Company press release / detailed Q4 results provide the underlying financials and metrics investors will parse for sustainability of profit recovery. Useful for modeling but largely confirmatory to the Globe & Mail coverage. Q4 Results Release
- Neutral Sentiment: Earnings call transcript is available for color on margins, same-store sales, and guidance — important for assessing whether profit improvement is durable but not a standalone catalyst. Earnings Call Transcript
- Negative Sentiment: Management warned brands are “walking a fine line” with discounts as consumers hunt deals, highlighting potential margin compression if promotional activity increases — a near-term risk to profitability and a reason some investors may remain cautious. Discounting / Margin Risk
MTY Food Group Company Profile
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.
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