MTY Food Group Inc. (TSE:MTY) Receives C$54.43 Consensus Target Price from Analysts

MTY Food Group Inc. (TSE:MTY) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$54.43.

Separately, National Bankshares lifted their price target on MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th.

MTY Food Group Stock Performance

Shares of MTY opened at C$46.69 on Thursday. The company has a market capitalization of C$1.10 billion, a PE ratio of 11.76, a PEG ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The company’s 50 day moving average price is C$46.76 and its 200 day moving average price is C$45.29. MTY Food Group has a 52 week low of C$40.45 and a 52 week high of C$59.80.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.04 by C$0.42. The business had revenue of C$292.75 million for the quarter, compared to the consensus estimate of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. Research analysts expect that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.40%. MTY Food Group’s dividend payout ratio is currently 28.21%.

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.