MTY Food Group Inc. (TSE:MTY) Senior Officer Purchases C$14,994.23 in Stock

MTY Food Group Inc. (TSE:MTY) Senior Officer Renee St-Onge bought 325 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was purchased at an average price of C$46.14 per share, for a total transaction of C$14,994.23.

MTY Food Group Price Performance

MTY opened at C$46.40 on Friday. The stock has a 50-day moving average price of C$50.78 and a 200-day moving average price of C$52.90. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57. The firm has a market cap of C$1.12 billion, a PE ratio of 10.92, a P/E/G ratio of 0.75 and a beta of 1.98. MTY Food Group Inc. has a 1 year low of C$44.48 and a 1 year high of C$68.60.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. Sell-side analysts predict that MTY Food Group Inc. will post 4.0429722 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.41%. MTY Food Group’s payout ratio is 24.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MTY. National Bankshares dropped their price target on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. TD Securities lowered their price objective on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a research report on Monday, April 15th. CIBC lowered their price objective on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Acumen Capital lowered their price objective on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Finally, Raymond James lowered their price target on MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, MTY Food Group presently has an average rating of “Hold” and a consensus target price of C$54.29.

About MTY Food Group

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.