MTY Food Group Inc. (TSE:MTY) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on MTY Food Group, with six holds and two buys among eight analysts. The average 12-month price target is C$42.50, though several firms recently lowered their targets.
• MTY shares opened at C$35.05, below their 50-day and 200-day moving averages, with a market capitalization of approximately C$800.6 million. The company reported quarterly revenue of C$279.94 million and earnings of C$0.67 per share.
• MTY declared a quarterly dividend of C$0.37 per share, equivalent to C$1.48 annually and a 4.2% yield, with a payout ratio of 28.46%.

Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) have received a consensus recommendation of "Hold" from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$42.50.

A number of equities analysts have recently commented on MTY shares. National Bank Financial cut their price target on MTY Food Group from C$49.00 to C$43.00 and set an "outperform" rating for the company in a report on Monday, July 13th. TD Securities raised MTY Food Group to a "hold" rating in a report on Monday, July 13th. TD cut their target price on MTY Food Group from C$42.00 to C$38.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada cut their target price on MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating for the company in a research note on Monday, July 13th. Finally, Scotia reduced their target price on 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.

MTY Food Group Stock Down 0.2%

MTY opened at C$35.05 on Friday. The company has a 50 day moving average of C$36.27 and a 200 day moving average of C$38.71. The company has a market cap of C$800.58 million, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.97. MTY Food Group has a 12 month low of C$31.87 and a 12 month high of C$45.90. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64.

MTY Food Group (TSE:MTY - Get Free Report) last released its quarterly earnings data on Friday, July 10th. The company reported C$0.67 earnings per share 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. On average, sell-side analysts expect that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is 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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