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TSE:MTY

MTY Food Group - MTY Stock Forecast, Price & News

C$60.90
-0.88 (-1.42%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
C$60.90
C$60.90
50-Day Range
C$45.87
C$62.27
52-Week Range
C$45.20
C$71.91
Volume
18,353 shs
Average Volume
56,699 shs
Market Capitalization
C$1.49 billion
P/E Ratio
16.28
Dividend Yield
1.36%
Price Target
C$70.94
MTY stock logo

About MTY Food Group (TSE:MTY) Stock

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%.

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MTY Stock News Headlines

MTY Food Group (TSE:MTY) Price Target Raised to C$75.00
CIBC Raises MTY Food Group (TSE:MTY) Price Target to C$75.00
MTY Food Group (TSE:MTY) PT Raised to C$68.50
Mty Food Group Inc stock dipped on Friday.
Stocks in play: MTY Food Group Inc
MTY Food Clocks 18% Revenue Growth In Q1
MTY Food Shares Jump on Sales Beat in 1Q
Stocks Gain only Slightly at Open
See More Headlines
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MTY Company Calendar

Last Earnings
7/08/2022
Ex-Dividend for 8/15 Dividend
8/02/2022
Dividend Payable
8/15/2022
Today
8/19/2022
Next Earnings (Estimated)
10/14/2022

Industry, Sector and Symbol

Industry
Restaurants
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,978
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$70.94
High Stock Price Forecast
C$76.00
Low Stock Price Forecast
C$67.00
Forecasted Upside/Downside
+16.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$600.10 million
Cash Flow
C$2.26 per share
Book Value
C$27.06 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.49 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Stanley Ma (Age 75)
    Chairman & Pres
    Comp: $136.13k
  • Mr. Eric Lefebvre CA (Age 45)
    CPA, MBA, QC, CEO & Non-Independent Director
    Comp: $602.83k
  • Ms. Renée St-Onge (Age 41)
    Chief Financial Officer
    Comp: $471.86k
  • Mr. Jeff Smit (Age 64)
    Chief Operating Officer of US Operations
    Comp: $612.09k
  • Mr. Nik Rupp (Age 46)
    Chief Operating Officer of Papa Murphy's Division
    Comp: $619.27k
  • Ms. Victoria J. Tullett (Age 54)
    Sr. VP of Legal & Gen. Counsel of Papa Murphy
    Comp: $547.28k
  • Ms. Claude St-Pierre (Age 53)
    Sec. & Non-Independent Director
    Comp: $113.99k
  • Mr. Marc Benzacar
    Chief Operating Officer of Fast Casual Division
  • Ms. Marie-Line Beauchamp
    Chief Operating Officer of Casual Dining
  • Mr. Jason Brading
    Chief Operating Officer of Quick Service Restaurants













MTY Stock - Frequently Asked Questions

Should I buy or sell MTY Food Group stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MTY Food Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTY, but not buy additional shares or sell existing shares.
View MTY analyst ratings
or view top-rated stocks.

What is MTY Food Group's stock price forecast for 2022?

8 equities research analysts have issued 12-month target prices for MTY Food Group's shares. Their MTY share price forecasts range from C$67.00 to C$76.00. On average, they expect the company's share price to reach C$70.94 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for MTY
or view top-rated stocks among Wall Street analysts.

How have MTY shares performed in 2022?

MTY Food Group's stock was trading at C$63.28 at the beginning of 2022. Since then, MTY stock has decreased by 3.8% and is now trading at C$60.90.
View the best growth stocks for 2022 here
.

When is MTY Food Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 14th 2022.
View our MTY earnings forecast
.

How were MTY Food Group's earnings last quarter?

MTY Food Group Inc. (TSE:MTY) announced its quarterly earnings results on Friday, July, 8th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.17. The company earned $162.52 million during the quarter, compared to the consensus estimate of $155 million.

How often does MTY Food Group pay dividends? What is the dividend yield for MTY Food Group?

MTY Food Group announced a quarterly dividend on Friday, July 8th. Stockholders of record on Wednesday, August 3rd will be paid a dividend of 0.21 per share on Monday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, August 2nd.
Read our dividend analysis for MTY
.

Is MTY Food Group a good dividend stock?

MTY Food Group (TSE:MTY) pays an annual dividend of C$0.79 per share and currently has a dividend yield of 1.36%. The dividend payout ratio is 21.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MTY.

What other stocks do shareholders of MTY Food Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MTY Food Group investors own include Canadian National Railway (CNR), Air Canada (AC), Suncor Energy (SU), Toronto-Dominion Bank (TD), Alimentation Couche-Tard (ATD.B), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Dollarama (DOL), BCE (BCE) and Chorus Aviation (CHR).

What is MTY Food Group's stock symbol?

MTY Food Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MTY."

How do I buy shares of MTY Food Group?

Shares of MTY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is MTY Food Group's stock price today?

One share of MTY stock can currently be purchased for approximately C$60.90.

How much money does MTY Food Group make?

MTY Food Group (TSE:MTY) has a market capitalization of C$1.49 billion and generates C$600.10 million in revenue each year.

How many employees does MTY Food Group have?

The company employs 1,978 workers across the globe.

How can I contact MTY Food Group?

MTY Food Group's mailing address is 8150 Rte Transcanadienne Suite 200, SAINT-LAURENT, QC H4S 1M5, Canada. The official website for the company is mtygroup.com. The company can be reached via phone at +1-514-3368885.

This page (TSE:MTY) was last updated on 8/19/2022 by MarketBeat.com Staff

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