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.

Wall Street Analyst Weigh In

MTY has been the subject of a number of research analyst reports. TD Securities upped their target price on MTY Food Group from C$62.00 to C$70.00 and gave the stock a "hold" rating in a research report on Wednesday, August 10th. Scotiabank upped their target price on MTY Food Group from C$64.00 to C$68.50 in a research report on Wednesday, August 10th. National Bankshares upped their target price 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, August 10th. Royal Bank of Canada upped their target price on MTY Food Group from C$66.00 to C$67.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 10th. Finally, CIBC upped their target price on MTY Food Group from C$68.00 to C$75.00 and gave the stock an "outperform" rating in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$70.94.

MTY Food Group Price Performance

TSE:MTY opened at C$61.78 on Friday. The stock has a market capitalization of C$1.51 billion and a P/E ratio of 16.52. MTY Food Group has a 1 year low of C$45.20 and a 1 year high of C$71.91. The business's fifty day moving average is C$54.91 and its two-hundred day moving average is C$53.70. The company has a debt-to-equity ratio of 118.74, a quick ratio of 0.57 and a current ratio of 0.63.

MTY Food Group (TSE:MTY - Get Rating) last announced its earnings results on Friday, July 8th. The company reported C$1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.00 by C$0.17. The firm had revenue of C$162.52 million for the quarter, compared to analyst estimates of C$155.00 million. On average, research analysts forecast that MTY Food Group will post 4.44 earnings per share for the current fiscal year.

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Wednesday, August 3rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, August 2nd. MTY Food Group's dividend payout ratio (DPR) is currently 21.12%.