MTY Food Group (TSE:MTY) Shares Down 10% - Should You Sell?

MTY Food Group Inc. (TSE:MTY - Get Free Report)'s stock price fell 10% during trading on Friday . The stock traded as low as C$40.89 and last traded at C$41.11. 93,941 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 60,117 shares. The stock had previously closed at C$45.70.

Analysts Set New Price Targets

MTY has been the subject of several research reports. Scotiabank raised shares of MTY Food Group to a "hold" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reduced their price objective on shares of MTY Food Group from C$51.00 to C$48.00 in a research note on Monday. Raymond James Financial dropped their target price on MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th. Finally, Acumen Capital reduced their price target on MTY Food Group from C$60.00 to C$50.00 and set a "buy" rating for the company in a research report on Monday.

MTY Food Group Price Performance

The stock's 50 day simple moving average is C$42.54 and its 200-day simple moving average is C$43.66. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. The firm has a market cap of C$947.62 million, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, May 1st. MTY Food Group's payout ratio is 27.97%.

About MTY Food Group

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.