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

Key Points

• MTY Food Group shares hit a new 52-week low of C$31.35, trading below both their 50-day and 200-day moving averages.
• Analysts have generally turned more cautious, with two Buy ratings and six Holds; the average price target is C$42.12, despite several recent target reductions.
• The company reported C$0.67 in quarterly EPS on C$279.94 million in revenue and pays a quarterly dividend of C$0.37, representing a 4.7% annualized yield.

MTY Food Group Inc. (TSE:MTY - Get Free Report)'s stock price reached a new 52-week low on Thursday. The stock traded as low as C$31.35 and last traded at C$31.40, with a volume of 31586 shares. The stock had previously closed at C$31.70.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MTY. TD Securities raised MTY Food Group to a "hold" rating in a report on Monday, July 13th. Acumen Capital cut their price target on shares of MTY Food Group from C$50.00 to C$48.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada decreased their price objective on shares of MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th. National Bank Financial dropped their target price on shares of MTY Food Group from C$43.00 to C$40.00 and set an "outperform" rating on the stock in a report on Tuesday, September 15th. Finally, Scotia reduced their price target on MTY Food Group from C$45.00 to C$40.00 and set a "sector perform" rating for the company in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, MTY Food Group presently has an average rating of "Hold" and an average price target of C$42.12.

MTY Food Group Stock Performance

The stock's 50-day moving average price is C$33.86 and its 200-day moving average price is C$36.81. The company has a market cap of C$715.38 million, a P/E ratio of 6.37, a PEG ratio of 0.75 and a beta of 1.03. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56.

MTY Food Group (TSE:MTY - Get Free Report) last released its quarterly earnings results on Friday, July 10th. The company reported C$0.67 EPS for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The business had revenue of C$279.94 million for the quarter. Equities analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.48 annualized dividend and a dividend yield of 4.7%. MTY Food Group's dividend payout ratio (DPR) is currently 28.46%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.