Brokerages Set MTY Food Group Inc. (TSE:MTY) Target Price at C$54.43

Shares of MTY Food Group Inc. (TSE:MTY) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation 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$54.43.

Separately, National Bankshares increased their price objective on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th.

MTY Food Group Price Performance

Shares of MTY stock opened at C$46.05 on Friday. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The company’s 50-day simple moving average is C$45.54 and its two-hundred day simple moving average is C$45.10. MTY Food Group has a one year low of C$40.45 and a one year high of C$59.80. The company has a market capitalization of C$1.09 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.04 by C$0.42. The company had revenue of C$292.75 million for the quarter, compared to analyst estimates of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. As a group, equities analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Tuesday, November 5th. MTY Food Group’s dividend payout ratio 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.