MTY Food Group - MTY Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MTY Food Group in the last year. 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.

8 brokerages have issued 1-year price targets for MTY Food Group's stock. Their MTY share price forecasts range from C$67.00 to C$76.00. On average, they anticipate the company's share price to reach C$70.94 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for MTY or view top-rated stocks among Wall Street analysts.

MTY Food Group's stock was trading at C$63.28 at the beginning of the year. Since then, MTY stock has decreased by 11.4% and is now trading at C$56.06.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 14th 2022.
View our MTY earnings forecast.

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

MTY Food Group announced a quarterly dividend on Friday, July 8th. Shareholders of record on Wednesday, August 3rd will be given 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 1.50%. The ex-dividend date is Tuesday, August 2nd.
Read our dividend analysis for MTY.

MTY Food Group (TSE:MTY) pays an annual dividend of C$0.79 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 20.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MTY.

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).

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

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.
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One share of MTY stock can currently be purchased for approximately C$56.06.

MTY Food Group (TSE:MTY) has a market capitalization of C$1.37 billion and generates C$600.10 million in revenue each year.

The company employs 1,978 workers across the globe.

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.