Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$45.31 and traded as high as C$47.20. MTY Food Group shares last traded at C$46.10, with a volume of 34,677 shares trading hands.
Analysts Set New Price Targets
Separately, National Bankshares lifted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, MTY Food Group has a consensus rating of "Hold" and a consensus price target of C$54.43.
Check Out Our Latest Stock Analysis on MTY Food Group
MTY Food Group Price Performance
The firm has a market cap of C$1.12 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.40. The business's 50 day moving average is C$46.75 and its two-hundred day moving average is C$45.31.
MTY Food Group (TSE:MTY - Get Free Report) last posted its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, topping the consensus estimate of C$1.04 by C$0.42. The firm had revenue of C$292.75 million during the quarter, compared to analyst estimates of C$300.60 million. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. As a group, analysts anticipate that MTY Food Group Inc. will post 4.4909091 earnings per share 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 paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.37%. The ex-dividend date was Tuesday, November 5th. MTY Food Group's dividend payout ratio (DPR) is presently 28.21%.
MTY Food Group Company Profile
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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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