MTY Food Group (TSE:MTY) Price Target Lowered to C$55.00 at Raymond James

MTY Food Group (TSE:MTY - Free Report) had its price objective lowered by Raymond James from C$60.00 to C$55.00 in a research report released on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for MTY Food Group's Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $0.80 EPS, FY2024 earnings at $3.56 EPS and FY2025 earnings at $4.30 EPS.

MTY has been the topic of a number of other research reports. TD Securities lowered their target price on MTY Food Group from C$59.00 to C$49.00 and set a hold rating on the stock in a research note on Monday. National Bankshares lowered their target price on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a research note on Monday. CIBC lowered their target price on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating on the stock in a research note on Monday. Acumen Capital lowered their target price on MTY Food Group from C$75.00 to C$65.00 and set a buy rating on the stock in a research note on Monday. Finally, Royal Bank of Canada lowered their target price on MTY Food Group from C$58.00 to C$51.00 and set a sector perform rating on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$54.29.

MTY Food Group Stock Performance

Shares of MTY stock traded up C$1.15 during mid-day trading on Tuesday, reaching C$46.98. The stock had a trading volume of 63,340 shares, compared to its average volume of 51,538. The business's fifty day moving average is C$51.68 and its 200-day moving average is C$53.17. 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 has a market cap of C$1.14 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.75 and a beta of 1.98. MTY Food Group has a 1-year low of C$44.48 and a 1-year high of C$68.60.

MTY Food Group (TSE:MTY - Get Free Report) last announced 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). The firm had revenue of C$278.64 million during the quarter, compared to analyst estimates 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, research analysts forecast that MTY Food Group will post 4.0429722 earnings per share for the current year.

MTY Food Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.38%. MTY Food Group's dividend payout ratio is currently 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.