MTY Food Group Inc. (TSE:MTY) Receives Average Recommendation of “Hold” from Brokerages

Shares of MTY Food Group Inc. (TSE:MTY) have been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$54.43.

Separately, National Bankshares raised their price objective on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th.

MTY Food Group Stock Performance

Shares of TSE:MTY opened at C$46.33 on Friday. The business’s 50-day simple moving average is C$45.15 and its 200 day simple moving average is C$45.22. The company has a market cap of C$1.09 billion, a P/E ratio of 11.67, 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. MTY Food Group has a one year low of C$40.45 and a one year high of C$59.80.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating 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 business had revenue of C$292.75 million during the quarter, compared to the consensus estimate of C$300.60 million. On average, sell-side analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, November 5th. MTY Food Group’s 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.