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

Key Points

• Analyst consensus is “Hold”: Six of eight brokerages rate MTY Food Group a hold, while two recommend buying. The average 12-month price target is C$42.50.
• Several brokerages recently lowered their price targets, with updated estimates ranging from C$40 to C$48, reflecting a more cautious outlook despite some outperform and buy ratings.
• MTY reported quarterly EPS of C$0.67 on revenue of C$279.94 million and maintains a quarterly dividend of C$0.37, equivalent to an annualized yield of about 4.2%.

MTY Food Group Inc. (TSE:MTY - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$42.50.

Several analysts have weighed in on the stock. National Bank Financial decreased their price objective on shares of MTY Food Group from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Acumen Capital cut their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Scotia reduced their target price on MTY Food Group from C$45.00 to C$40.00 and set a "sector perform" rating on the stock in a report on Monday, July 13th. Raymond James Financial decreased their price target on MTY Food Group from C$45.00 to C$40.00 and set a "market perform" rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada cut their price objective on MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th.

MTY Food Group Price Performance

Shares of TSE MTY opened at C$35.07 on Tuesday. MTY Food Group has a 52-week low of C$31.87 and a 52-week high of C$45.90. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The business has a fifty day moving average of C$34.97 and a two-hundred day moving average of C$37.83. The stock has a market cap of C$801.03 million, a PE ratio of 7.13, a PEG ratio of 0.75 and a beta of 1.03.

MTY Food Group (TSE:MTY - Get Free Report) last announced its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The business had revenue of C$279.94 million during the quarter. As a group, equities research analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a $0.37 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.48 annualized dividend and a yield of 4.2%. MTY Food Group's dividend payout ratio (DPR) is currently 28.46%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.

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