MTY Food Group (TSE:MTY) Reaches New 52-Week Low - Time to Sell?

Key Points

• MTY Food Group shares fell to a new 52-week low of C$31.72, down from the previous close of C$32.45, with the stock trading 2.3% lower.
• Analysts broadly maintain a cautious outlook: the consensus rating is “Hold”, while several firms cut their price targets. The average target is C$42.50, above the current price.
• The company reported quarterly EPS of C$0.67 and revenue of C$279.94 million. MTY also pays a quarterly dividend of C$0.37 per share, equivalent to a 4.7% annual yield.

Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$31.72 and last traded at C$31.72, with a volume of 16580 shares changing hands. The stock had previously closed at C$32.45.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD decreased their price objective on shares of MTY Food Group from C$42.00 to C$38.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Raymond James Financial dropped their price target on MTY Food Group from C$45.00 to C$40.00 and set a "market perform" rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada lowered their target price on MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating on the stock in a research note on Monday, July 13th. TD Securities upgraded shares of MTY Food Group to a "hold" rating in a report on Monday, July 13th. Finally, National Bank Financial dropped their price objective on shares of MTY Food Group from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$42.50.

MTY Food Group Trading Down 2.3%

The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The company's 50 day moving average price is C$34.50 and its 200 day moving average price is C$37.49. The company has a market cap of C$724.06 million, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03.

MTY Food Group (TSE:MTY - Get Free Report) last posted its 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 firm had revenue of C$279.94 million for the quarter. Research analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

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