MTY Food Group Inc. (TSE:MTY) Stock Has Consensus Price Target of C$41.12 According to Analysts

Key Points

• Analyst consensus is “Hold”: Seven of eight analysts rate MTY Food Group a hold, while one recommends buying it. The average 12-month price target is C$41.12, above the stock’s C$31.71 opening price.
• Recent financial results were positive: MTY reported quarterly EPS of C$1.26 on revenue of C$277.73 million, with a 9.67% net margin and 12.54% return on equity.
• Dividend yield is approximately 4.7%: The company pays a quarterly dividend of C$0.37 per share, or C$1.48 annualized, representing a 30.06% payout ratio.

Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) have been assigned an average rating of "Hold" from the eight research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$41.12.

Several research analysts have weighed in on the stock. TD Securities upgraded shares of MTY Food Group to a "hold" rating in a report on Monday, July 13th. Acumen Capital reduced their price objective on shares of MTY Food Group from C$50.00 to C$48.00 and set a "buy" rating for the company in a report on Monday, July 13th. Scotia reduced their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a "sector perform" rating for the company in a report on Monday, July 13th. National Bank Financial decreased their target price on shares of MTY Food Group from C$40.00 to C$37.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 13th. Finally, Royal Bank Of Canada lowered their target price on shares of MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating on the stock in a report on Monday, July 13th.

MTY Food Group Trading Up 0.6%

Shares of MTY Food Group stock opened at C$31.71 on Wednesday. The stock has a market capitalization of C$724.29 million, a PE ratio of 6.62, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. MTY Food Group has a 52 week low of C$28.12 and a 52 week high of C$45.90. The stock has a 50 day moving average price of C$32.81 and a two-hundred day moving average price of C$37.28. The company has a debt-to-equity ratio of 117.99, a quick ratio of 0.56 and a current ratio of 0.75.

MTY Food Group (TSE:MTY - Get Free Report) last posted its quarterly earnings results on Friday, October 9th. The company reported C$1.26 earnings per share (EPS) for the quarter. The business had revenue of C$277.73 million during the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. As a group, equities analysts anticipate that MTY Food Group will post 4.49 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.48 dividend on an annualized basis and a yield of 4.7%. MTY Food Group's payout ratio is 30.06%.

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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