MTY Food Group (TSE:MTY) Price Target Increased to C$54.00 by Analysts at National Bankshares

MTY Food Group (TSE:MTY) had its price objective increased by National Bankshares from C$53.00 to C$54.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other brokerages have also recently issued reports on MTY. TD Securities boosted their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Royal Bank of Canada boosted their price objective on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of C$54.43.

MTY Food Group Trading Up 0.4 %

Shares of TSE:MTY opened at C$45.60 on Thursday. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$60.10. The business has a 50 day moving average of C$43.97 and a 200-day moving average of C$46.05. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 149.81. The stock has a market cap of C$1.09 billion, a PE ratio of 11.12, a P/E/G ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.14. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. The business had revenue of C$303.74 million during the quarter, compared to the consensus estimate of C$294.10 million. As a group, equities research analysts forecast that MTY Food Group will post 4.2947368 earnings per share for the current year.

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.46%. MTY Food Group’s payout ratio is 27.32%.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.