MTY Food Group (TSE:MTY) Given New C$46.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on MTY Food Group to C$46.00 (from C$48.00) and kept a "sector perform" rating, a target that implies roughly a 21.7% upside from the prior close.
• Analyst consensus also centers on a C$46.00 average target with two Buys and five Holds, giving MTY an overall average rating of "Hold."
• Shares traded at C$37.80; the stock shows a low valuation (P/E ~7.3) and recent EPS of C$0.98, but carries high leverage (debt-to-equity ~127.62) and weak liquidity (quick ratio 0.57, current ratio 0.69).

MTY Food Group (TSE:MTY - Get Free Report) had its price objective decreased by research analysts at Royal Bank Of Canada from C$48.00 to C$46.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 21.69% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. National Bank Financial set a C$49.00 target price on shares of MTY Food Group and gave the company an "outperform" rating in a research note on Monday, April 6th. Scotiabank boosted their target price on shares of MTY Food Group from C$41.00 to C$46.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. TD Securities boosted their target price on shares of MTY Food Group from C$37.00 to C$45.00 and gave the company a "hold" rating in a research note on Friday, February 20th. Finally, Raymond James Financial decreased their target price on shares of MTY Food Group from C$46.00 to C$45.00 and set a "market perform" rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of C$46.00.

MTY Food Group Stock Performance

Shares of MTY traded down C$1.05 during trading hours on Monday, hitting C$37.80. The stock had a trading volume of 41,844 shares, compared to its average volume of 89,238. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69. The firm has a 50-day moving average price of C$40.55 and a 200 day moving average price of C$38.56. MTY Food Group has a fifty-two week low of C$32.92 and a fifty-two week high of C$46.36. The firm has a market capitalization of C$863.39 million, a price-to-earnings ratio of 7.30, a PEG ratio of 0.75 and a beta of 0.85.

MTY Food Group (TSE:MTY - Get Free Report) last posted its earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 13.14% and a return on equity of 18.59%. The firm had revenue of C$267.77 million during the quarter. As a group, research analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

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