MTY Food Group Inc. (TSE:MTY – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.25 and traded as high as C$46.41. MTY Food Group shares last traded at C$45.96, with a volume of 32,735 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MTY. National Bankshares boosted their price target on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. TD Securities raised their price target on shares of MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Finally, 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, the company presently has a consensus rating of “Hold” and a consensus target price of C$54.43.
Get Our Latest Stock Analysis on MTY
MTY Food Group Stock Performance
MTY Food Group (TSE:MTY – Get Free Report) last released its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. The business had revenue of C$292.75 million for the quarter, compared to analysts’ expectations of C$300.60 million. Research analysts forecast that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.
MTY Food Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) is presently 28.21%.
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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