MTY Food Group Inc. (TSE:MTY) Stock Has Consensus Target Price of C$42.12

Key Points

• MTY Food Group has a consensus “Hold” rating from eight analysts—six holds and two buys—with an average 12-month price target of C$42.12.
• Shares opened at C$31.06, near their 12-month low of C$30.89, while several analysts recently lowered their price targets to between C$38 and C$48.
• The company reported quarterly EPS of C$0.67 on revenue of C$279.94 million and pays a quarterly dividend of C$0.37, equivalent to a 4.8% annualized yield.

MTY Food Group Inc. (TSE:MTY - Get Free Report) has been given a consensus rating of "Hold" by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$42.12.

A number of analysts recently commented on MTY shares. Acumen Capital decreased their target price on MTY Food Group from C$50.00 to C$48.00 and set a "buy" rating for the company in a research report on Monday, July 13th. TD Securities raised MTY Food Group to a "hold" rating in a research note on Monday, July 13th. Royal Bank Of Canada decreased 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 report on Monday, July 13th. TD decreased their price objective on MTY Food Group from C$42.00 to C$38.00 and set a "hold" rating for the company in a report on Monday, July 13th. Finally, Scotia lowered 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 research report on Monday, July 13th.

MTY Food Group Stock Down 0.7%

Shares of TSE MTY opened at C$31.06 on Friday. The firm has a market cap of C$709.44 million, a PE ratio of 6.31, a P/E/G ratio of 0.75 and a beta of 1.03. MTY Food Group has a 12-month low of C$30.89 and a 12-month high of C$45.90. The company's fifty day simple moving average is C$33.80 and its 200 day simple moving average is C$36.72. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64.

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

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, August 4th. MTY Food Group's dividend payout ratio (DPR) is 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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