MTY Food Group Inc. (TSE:MTY - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$45.41 and traded as low as C$45.02. MTY Food Group shares last traded at C$46.44, with a volume of 28,724 shares traded.
Analyst Upgrades and Downgrades
Separately, National Bankshares lifted their price objective on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$54.43.
Check Out Our Latest Report on MTY
MTY Food Group Stock Performance
The stock has a 50-day moving average price of C$46.81 and a 200 day moving average price of C$45.40. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 11.70, 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.
MTY Food Group (TSE:MTY - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. The company had revenue of C$292.75 million during the quarter, compared to the consensus estimate of C$300.60 million. On average, analysts forecast that MTY Food Group Inc. will post 4.4909091 EPS for the current year.
MTY Food Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.28 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.41%. MTY Food Group's payout ratio is currently 28.21%.
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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