MTY Food Group - MTY Stock Forecast, Price & News

MTY Food Group Inc. franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. The company also sells retail products under a multitude of banners. As of November 30, 2021, the company had 6,719 locations comprising 6,603 franchised, 23 joint ventures, and 93 corporate locations. The company was formerly known as iNsu Innovations Group Inc. and changed its name to MTY Food Group Inc. in July 2003. MTY Food Group Inc. was founded in 1979 and is headquartered in Saint-Laurent, Canada.

MTY Food Group Stock Performance

Shares of MTY opened at C$60.07 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 118.74. The company has a market cap of C$1.47 billion and a price-to-earnings ratio of 15.64. The business's fifty day simple moving average is C$54.05 and its two-hundred day simple moving average is C$53.49. MTY Food Group has a 12 month low of C$45.20 and a 12 month high of C$71.91.

MTY Food Group (TSE:MTY - Get Rating) last released its quarterly earnings results on Friday, July 8th. The company reported C$1.17 earnings per share for the quarter, topping the consensus estimate of C$1.00 by C$0.17. The business had revenue of C$162.52 million during the quarter, compared to the consensus estimate of C$155.00 million. Research analysts anticipate that MTY Food Group will post 4.0079236 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Wednesday, August 3rd will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. MTY Food Group's payout ratio is currently 20.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Securities raised their price objective on shares of MTY Food Group from C$62.00 to C$70.00 and gave the stock a "hold" rating in a report on Wednesday. Royal Bank of Canada increased their price objective on MTY Food Group from C$66.00 to C$67.00 and gave the stock a "sector perform" rating in a report on Wednesday. Scotiabank increased their target price on shares of MTY Food Group from C$64.00 to C$68.50 in a research note on Wednesday. National Bankshares lifted their price target on MTY Food Group from C$63.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, CIBC reduced their target price on shares of MTY Food Group from C$77.00 to C$68.00 and set an "outperform" rating on the stock in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$70.06.