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.

Analyst Ratings Changes

MTY has been the topic of several research reports. CIBC cut their target price on MTY Food Group from C$77.00 to C$68.00 and set an "outperform" rating on the stock in a research report on Monday, July 11th. Scotiabank upped their target price on MTY Food Group from C$64.00 to C$68.50 in a research report on Wednesday. Royal Bank of Canada upped their target price on MTY Food Group from C$66.00 to C$67.00 and gave the company a "sector perform" rating in a research report on Wednesday. TD Securities upped their target price on MTY Food Group from C$62.00 to C$70.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, National Bankshares increased 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 report on Wednesday. One 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. Based on data from MarketBeat, MTY Food Group presently has an average rating of "Hold" and a consensus price target of C$70.06.

MTY Food Group Price Performance

TSE:MTY opened at C$61.66 on Thursday. MTY Food Group has a 52 week low of C$45.20 and a 52 week high of C$71.93. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 118.74. The stock has a market capitalization of C$1.51 billion and a PE ratio of 16.06. The stock's 50-day moving average price is C$53.92 and its 200-day moving average price is C$53.46.

MTY Food Group (TSE:MTY - Get Rating) last posted its earnings results on Friday, July 8th. The company reported C$1.17 EPS for the quarter, beating analysts' consensus estimates of C$1.00 by C$0.17. The business had revenue of C$162.52 million for the quarter, compared to analyst estimates of C$155.00 million. As a group, equities analysts expect that MTY Food Group will post 4.0079236 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, August 2nd. MTY Food Group's payout ratio is presently 20.57%.