Shares of MTY Food Group Inc. (TSE:MTY – Get Free Report) have received an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$54.29.
A number of research analysts have commented on the company. Raymond James decreased their price target on MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th. CIBC decreased their price target on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Scotiabank decreased their price target on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a research note on Monday, April 15th. TD Securities decreased their price target on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Finally, Royal Bank of Canada decreased their price target on MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Monday, April 15th.
Get Our Latest Stock Report on MTY
MTY Food Group Price Performance
MTY Food Group (TSE:MTY – Get Free Report) last announced its earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The firm had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. As a group, analysts predict that MTY Food Group will post 4.0429722 EPS for the current fiscal year.
MTY Food Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.27%. MTY Food Group’s dividend payout ratio is currently 24.24%.
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.
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