MTY Food Group (TSE:MTY) Given New C$42.00 Price Target at TD

MTY Food Group (TSE:MTY) had its price target trimmed by TD from C$45.00 to C$42.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other brokerages also recently weighed in on MTY. TD Securities upped their price target on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lowered their price objective on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Monday. Raymond James Financial lowered their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Monday. Scotiabank upped their price objective 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, February 20th. Finally, National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$46.00.

MTY Food Group Price Performance

Shares of TSE MTY opened at C$37.65 on Monday. The stock’s 50-day moving average is C$40.45 and its two-hundred day moving average is C$38.56. The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. MTY Food Group has a 1-year low of C$32.92 and a 1-year high of C$46.36. The company has a market cap of C$859.96 million, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%.The company had revenue of C$267.77 million for the quarter. Analysts forecast that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

Key Stories Impacting MTY Food Group

Here are the key news stories impacting MTY Food Group this week:

• Negative Sentiment: Papa Murphy’s continued to face operational challenges in Q1, which can pressure MTY’s U.S. franchise revenue and same-store sales if the brand’s recovery remains slow. Papa Murphy’s challenges continued in Q1
• Negative Sentiment: Raymond James cut its price target to C$45.00 and set a “market perform” rating — a downgrade that signals less upside than before and may reduce buy-side conviction. Raymond James price target cut
• Negative Sentiment: RBC lowered its target to C$46.00 and moved to “sector perform”, reducing analysts’ valuation support and likely weighing on sentiment. RBC price target cut
• Negative Sentiment: TD cut its target to C$42.00 and kept a “hold” rating, trimming expected upside and signaling more cautious near‑term expectations. TD price target cut
• Negative Sentiment: Scotiabank trimmed its target to C$45.00 with a “sector perform” stance, adding to the cluster of analyst downgrades pressuring the stock. Scotiabank price target cut

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.