MTY Food Group (TSE:MTY) Stock Crosses Above 200 Day Moving Average - What's Next?

MTY Food Group Inc. (TSE:MTY - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$45.25 and traded as high as C$48.00. MTY Food Group shares last traded at C$47.12, with a volume of 45,047 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. TD Securities raised their target price on MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$54.43.

MTY Food Group Stock Up 0.2 %

The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.95. The stock has a 50 day simple moving average of C$44.86 and a 200 day simple moving average of C$45.25. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.40.

MTY Food Group (TSE:MTY - Get Free Report) last posted its quarterly earnings results 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 business had revenue of C$292.75 million during the quarter, compared to the consensus estimate 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, analysts expect that MTY Food Group Inc. will post 4.4909091 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.12 annualized dividend and a yield of 2.37%. MTY Food Group's payout ratio is 28.21%.

MTY Food Group Company Profile

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.