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

MTY Food Group Inc. (TSE:MTY - Get Free Report) has received an average recommendation of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$54.43.

Separately, National Bankshares lifted their price target on MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th.

MTY Food Group Price Performance

Shares of MTY stock traded down C$0.08 during mid-day trading on Thursday, hitting C$48.48. The company had a trading volume of 18,989 shares, compared to its average volume of 47,365. The company has a market capitalization of C$1.14 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.75 and a beta of 1.95. The stock's 50 day moving average price is C$46.67 and its 200-day moving average price is C$45.21. MTY Food Group has a 52-week low of C$40.45 and a 52-week high of C$59.80. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group (TSE:MTY - Get Free Report) last announced its earnings results on Friday, October 11th. The company reported C$1.46 EPS for the quarter, topping analysts' consensus estimates of C$1.04 by C$0.42. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. The firm had revenue of C$292.75 million during the quarter, compared to analysts' expectations of C$300.60 million. Equities research analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend 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.