MTY Food Group Inc. (TSE:MTY - Get Free Report)'s share price fell 10% on Friday . The stock traded as low as C$40.89 and last traded at C$41.11. 93,941 shares traded 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
A number of equities analysts have commented on the company. Raymond James Financial decreased their target price on MTY Food Group from C$55.00 to C$50.00 in a research note on Monday, April 14th. Scotiabank upgraded MTY Food Group to a "hold" rating in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada set a C$51.00 target price on MTY Food Group and gave the company a "sector perform" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Report on MTY Food Group
MTY Food Group Price Performance
The business has a fifty day moving average of C$42.54 and a 200-day moving average of 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 capitalization of C$928.73 million, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.
MTY Food Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Thursday, May 1st. MTY Food Group's dividend payout ratio (DPR) is 27.97%.
About MTY Food Group
(
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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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