MTY Food Group (TSE:MTY) Price Target Cut to C$48.00 by Analysts at Royal Bank Of Canada

MTY Food Group (TSE:MTY - Free Report) had its target price reduced by Royal Bank Of Canada from C$51.00 to C$48.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. Scotiabank raised MTY Food Group to a "hold" rating in a research note on Wednesday, June 18th. Raymond James Financial dropped their price target on MTY Food Group from C$55.00 to C$50.00 in a research note on Monday, April 14th.

MTY Food Group Stock Down 0.7%

Shares of MTY traded down C$0.27 during midday trading on Monday, hitting C$39.93. The stock had a trading volume of 71,632 shares, compared to its average volume of 62,806. The company has a 50 day simple moving average of C$42.35 and a two-hundred day simple moving average of C$43.57. MTY Food Group has a twelve month low of C$36.79 and a twelve month high of C$53.16. The firm has a market cap of C$931.06 million, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, August 5th. MTY Food Group's payout ratio is 27.97%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.