MTY Food Group (TSE:MTY) Trading Down 7.9%

MTY Food Group Inc. (TSE:MTY - Get Free Report) dropped 7.9% on Friday . The company traded as low as C$45.97 and last traded at C$46.16. Approximately 68,395 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 46,274 shares. The stock had previously closed at C$50.14.

Analyst Ratings Changes

A number of equities analysts recently commented on MTY shares. Acumen Capital increased their price objective on MTY Food Group from C$60.00 to C$75.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Raymond James dropped their price target on shares of MTY Food Group from C$65.00 to C$60.00 and set a "market perform" rating on the stock in a research note on Friday, February 16th. National Bankshares reduced their price objective on shares of MTY Food Group from C$71.00 to C$59.00 and set an "outperform" rating for the company in a research note on Friday, February 16th. CIBC decreased their price objective on shares of MTY Food Group from C$71.00 to C$62.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Finally, TD Securities cut their target price on MTY Food Group from C$65.00 to C$60.00 and set a "hold" rating on the stock in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$59.86.

MTY Food Group Trading Down 9.9 %

The business has a 50-day moving average price of C$52.20 and a 200-day moving average price of C$53.38. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 160.56. The firm has a market capitalization of C$1.10 billion, a P/E ratio of 10.63, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTY - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported C$0.67 earnings per share for the quarter, missing analysts' consensus estimates of C$0.99 by C($0.32). The business had revenue of C$280.03 million during the quarter, compared to the consensus estimate of C$272.05 million. MTY Food Group had a net margin of 8.90% and a return on equity of 13.60%. Analysts anticipate that MTY Food Group Inc. will post 4.0447761 earnings per share for the current year.

MTY Food Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend 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.