MTY Food Group (TSE:MTY) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• MTY's stock climbed above its 200-day moving average, trading as high as C$40.53 and last at C$40.37 versus a 200-day MA of C$38.68, on volume of 59,062 shares.
• Analyst consensus is a "Hold" with a C$46.00 average target, based on two Buy and five Hold ratings and recent target revisions ranging mostly between C$45–C$49.
• Fundamentals show low valuation but high leverage: market cap ~C$922M, PE 6.0 and PEG 0.75, while debt-to-equity is 127.62; recent quarter EPS was C$0.98 with a 13.14% net margin and 18.59% ROE.

MTY Food Group Inc. (TSE:MTY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.68 and traded as high as C$40.53. MTY Food Group shares last traded at C$40.37, with a volume of 59,062 shares traded.

Analyst Ratings Changes

MTY has been the topic of a number of recent research reports. Raymond James Financial dropped their price objective on MTY Food Group from C$46.00 to C$45.00 and set a "market perform" rating on the stock in a report on Monday, April 13th. TD Securities lifted their target price on MTY Food Group from C$37.00 to C$45.00 and gave the company a "hold" rating in a report on Friday, February 20th. Scotiabank decreased their price target on MTY Food Group from C$46.00 to C$45.00 and set a "sector perform" rating on the stock in a research report on Monday, April 13th. National Bank Financial set a C$49.00 price target on shares of MTY Food Group and gave the stock an "outperform" rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada decreased their target price on shares of MTY Food Group from C$48.00 to C$46.00 and set a "sector perform" rating on the stock in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$46.00.

MTY Food Group Stock Performance

The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69. The company has a market cap of C$922.09 million, a PE ratio of 6.00, a PEG ratio of 0.75 and a beta of 0.85. The business's 50-day moving average is C$39.79 and its 200 day moving average is C$38.68.

MTY Food Group (TSE:MTY - Get Free Report) last posted its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. The business had revenue of C$267.77 million for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. On average, equities research analysts predict that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

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