Analysts Set MTY Food Group Inc. (TSE:MTY) Price Target at C$54.29

MTY Food Group Inc. (TSE:MTY - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$54.29.

Several research analysts recently weighed in on MTY shares. TD Securities cut their price target on shares of MTY Food Group from C$59.00 to C$49.00 and set a "hold" rating on the stock in a report on Monday, April 15th. Royal Bank of Canada cut their price target on shares of MTY Food Group from C$58.00 to C$51.00 and set a "sector perform" rating on the stock in a report on Monday, April 15th. Raymond James cut their price target on shares of MTY Food Group from C$60.00 to C$55.00 in a report on Tuesday, April 16th. Scotiabank cut their price target on shares of MTY Food Group from C$55.00 to C$50.00 and set a "sector perform" rating on the stock in a report on Monday, April 15th. Finally, Acumen Capital cut their price target on shares of MTY Food Group from C$75.00 to C$65.00 and set a "buy" rating on the stock in a report on Monday, April 15th.

MTY Food Group Stock Performance

MTY Food Group has a 12 month low of C$44.48 and a 12 month high of C$68.60. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98. The firm has a fifty day simple moving average of C$50.08 and a two-hundred day simple moving average of C$52.56. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group (TSE:MTY - Get Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts' consensus estimates of C$0.83 by C($0.12). MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. On average, research analysts forecast that MTY Food Group will post 4.0429722 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, May 2nd. MTY Food Group's payout ratio is 24.24%.

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.