Analysts Set MTY Food Group Inc. (TSE:MTY) Target Price at C$54.43

by · The Cerbat Gem

MTY Food Group Inc. (TSE:MTY – Get Free Report) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$54.43.

Several equities research analysts recently issued reports on MTY shares. National Bankshares lifted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Royal Bank of Canada boosted their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Finally, TD Securities boosted their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th.

View Our Latest Stock Report on MTY

MTY Food Group Stock Performance

MTY Food Group stock opened at C$46.29 on Wednesday. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$59.80. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The firm’s fifty day moving average price is C$44.61 and its 200 day moving average price is C$45.28.

MTY Food Group (TSE:MTY – Get Free Report) last released its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. The firm had revenue of C$292.75 million for the quarter, compared to the consensus estimate of C$300.60 million. On average, research analysts forecast that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, November 5th. MTY Food Group’s dividend payout ratio is presently 28.21%.

About MTY Food Group

(Get Free Report

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.

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