MTY Food Group (TSE:MTY - Free Report) had its price objective reduced by Raymond James from C$55.00 to C$50.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.
MTY Food Group Stock Performance
Shares of TSE:MTY traded down C$0.39 on Monday, reaching C$40.08. 55,706 shares of the company's stock were exchanged, compared to its average volume of 71,911. The firm has a market capitalization of C$934.56 million, a price-to-earnings ratio of 10.01, a PEG ratio of 0.75 and a beta of 1.95. The business's 50-day moving average is C$42.30 and its two-hundred day moving average is C$45.44. MTY Food Group has a fifty-two week low of C$36.79 and a fifty-two week high of C$53.16. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67.
MTY Food Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, May 1st. MTY Food Group's dividend payout ratio is presently 27.97%.
MTY Food Group Company Profile
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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.
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