MTY Food Group (TSE:MTY) Stock Price Passes Below 200 Day Moving Average of $60.89

MTY Food Group Inc (TSE:MTY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.89 and traded as low as $56.30. MTY Food Group shares last traded at $56.34, with a volume of 17,272 shares traded.

MTY has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of MTY Food Group from C$70.00 to C$65.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. National Bank Financial dropped their price objective on MTY Food Group from C$70.00 to C$67.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. TD Securities cut their price objective on MTY Food Group from C$62.00 to C$59.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Finally, Raymond James set a C$65.00 target price on MTY Food Group and gave the company an “outperform” rating in a research note on Monday, November 25th.

The firm has a 50-day moving average price of C$54.55 and a two-hundred day moving average price of C$60.89. The company has a market capitalization of $1.43 billion and a P/E ratio of 19.48. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 87.40.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, October 11th. The company reported C$0.91 earnings per share (EPS) for the quarter. The company had revenue of C$163.06 million for the quarter. On average, analysts predict that MTY Food Group Inc will post 3.4304066 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, November 1st. MTY Food Group’s dividend payout ratio (DPR) is presently 22.30%.

In related news, Director Murat Armutlu purchased 1,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were bought at an average cost of C$52.75 per share, for a total transaction of C$52,750.00. Following the transaction, the director now directly owns 31,000 shares of the company’s stock, valued at approximately C$1,635,250.

MTY Food Group Company Profile (TSE:MTY)

MTY Food Group Inc operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

See Also: Compound Annual Growth Rate (CAGR)

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