MTY Food Group (TSE:MTY) Trading 2.3% Higher - Time to Buy?

Shares of MTY Food Group Inc. (TSE:MTY - Get Free Report) were up 2.3% on Monday . The stock traded as high as C$49.46 and last traded at C$48.84. Approximately 39,586 shares traded hands during trading, a decline of 17% from the average daily volume of 47,563 shares. The stock had previously closed at C$47.75.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$54.43.

MTY Food Group Price Performance

The stock's 50-day simple moving average is C$46.57 and its 200 day simple moving average is C$45.17. 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 company has a market cap of C$1.15 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.75 and a beta of 1.95.

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

MTY Food Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. 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.