MTY Food Group Inc. (TSE:MTY) Senior Officer Purchases C$14,994.23 in Stock

MTY Food Group Inc. (TSE:MTY - Get Free Report) Senior Officer Renee St-Onge acquired 325 shares of the firm's stock in a transaction dated Friday, April 19th. The stock was bought at an average price of C$46.14 per share, for a total transaction of C$14,994.23.

MTY Food Group Stock Down 0.5 %

MTY stock traded down C$0.21 during midday trading on Friday, hitting C$46.40. The company's stock had a trading volume of 47,482 shares, compared to its average volume of 51,029. The company has a market cap of C$1.12 billion, a PE ratio of 10.92, a P/E/G ratio of 0.75 and a beta of 1.98. MTY Food Group Inc. has a 12 month low of C$44.48 and a 12 month high of C$68.60. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. The firm's 50-day moving average is C$51.03 and its 200-day moving average is C$53.00.

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 (EPS) for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. On average, equities research analysts forecast that MTY Food Group Inc. will post 4.0429722 earnings per share for the current fiscal 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 Friday, May 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.41%. MTY Food Group's dividend payout ratio is presently 24.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTY shares. Royal Bank of Canada reduced their price target on 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. National Bankshares reduced their price target on MTY Food Group from C$59.00 to C$57.00 and set an "outperform" rating on the stock in a report on Monday. Raymond James cut their price objective on MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday. Acumen Capital cut their price objective on MTY Food Group from C$75.00 to C$65.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Scotiabank cut their price objective on MTY Food Group from C$55.00 to C$50.00 and set a "sector perform" rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, MTY Food Group has a consensus rating of "Hold" and an average price target of C$54.29.

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.