MTY Food Group (TSE:MTY) Sets New 52-Week Low - Should You Sell?

Key Points

• MTY Food Group Inc. hit a new 52-week low of C$37.43, with a current trading price of C$37.74 as of Friday, marking a decline in share performance.
• Equity analysts have adjusted their price targets for MTY Food Group, with Acumen Capital lowering theirs from C$60.00 to C$50.00 while maintaining a "buy" rating.
• The company announced a quarterly dividend of $0.33 per share, yielding 3.5%, with a payout ratio of 27.97% and an ex-dividend date set for August 5th.

Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as C$37.43 and last traded at C$37.74, with a volume of 19385 shares traded. The stock had previously closed at C$37.64.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Acumen Capital dropped their price target on MTY Food Group from C$60.00 to C$50.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Scotiabank upgraded shares of MTY Food Group to a "hold" rating in a report on Wednesday, June 18th. Raymond James Financial lowered their price target on shares of MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th. Finally, Royal Bank Of Canada cut their price objective on shares of MTY Food Group from C$51.00 to C$48.00 in a report on Monday, July 14th.

MTY Food Group Stock Up 0.1%

The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57. The business has a fifty day simple moving average of C$40.90 and a 200 day simple moving average of C$42.86. The firm has a market cap of C$878.13 million, a price-to-earnings ratio of 9.41, a PEG ratio of 0.75 and a beta of 1.95.

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.5%. 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.

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