MTY Food Group (TSE:MTY) Price Target Lowered to C$52.00 at National Bankshares

MTY Food Group (TSE:MTY) had its price objective lowered by National Bankshares from C$57.00 to C$52.00 in a research note released on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on the company. CIBC reduced 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 report on Monday, April 15th. Acumen Capital reduced their price target on shares of MTY Food Group from C$75.00 to C$65.00 and set a buy rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada lowered their target price on MTY Food Group from C$58.00 to C$51.00 and set a sector perform rating for the company in a research note on Monday, April 15th. TD Securities decreased their target price on shares of MTY Food Group from C$59.00 to C$49.00 and set a hold rating on the stock in a research note on Monday, April 15th. Finally, Scotiabank decreased their target price on MTY Food Group from C$55.00 to C$50.00 and set a sector perform rating for the company in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of C$53.57.

MTY Food Group Price Performance

Shares of MTY opened at C$43.78 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98. MTY Food Group has a 12-month low of C$43.34 and a 12-month high of C$68.60. The business has a 50-day simple moving average of C$46.26 and a two-hundred day simple moving average of C$50.97. The stock has a market cap of C$1.06 billion, a PE ratio of 10.40, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTY) last announced 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). The company had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. Analysts anticipate that MTY Food Group will post 3.6823529 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a $0.28 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.56%. MTY Food Group’s dividend payout ratio (DPR) is presently 26.60%.

MTY Food Group Company Profile

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.