MTY Food Group (TSE:MTY - Free Report) had its target price reduced by Raymond James from C$55.00 to C$50.00 in a research report report published on Monday,BayStreet.CA reports.
MTY Food Group Price Performance
Shares of TSE MTY traded down C$0.39 during trading on Monday, hitting C$40.08. The company had a trading volume of 55,706 shares, compared to its average volume of 71,911. MTY Food Group has a 52 week low of C$36.79 and a 52 week high of C$53.16. The business's 50-day moving average is C$42.30 and its 200 day moving average is C$45.44. The company has a market cap of C$934.56 million, a P/E ratio of 10.01, a PEG ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61.
MTY Food Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.32 annualized dividend and a dividend yield of 3.29%. MTY Food Group's dividend payout ratio (DPR) is 27.97%.
About MTY Food Group
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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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