MTY Food Group (TSE:MTY) Shares Cross Above 200 Day Moving Average - Here's What Happened

MTY Food Group Inc. (TSE:MTY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.25 and traded as high as C$46.41. MTY Food Group shares last traded at C$45.96, with a volume of 32,735 shares traded.

Analysts Set New Price Targets

MTY has been the topic of a number of research reports. National Bankshares upped their target price on MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. TD Securities upped their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Finally, Royal Bank of Canada boosted their price target on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$54.43.

MTY Food Group Price Performance

The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The company's 50 day moving average price is C$44.69 and its 200 day moving average price is C$45.26. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 11.36, a PEG ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 EPS for the quarter, topping analysts' consensus estimates of C$1.04 by C$0.42. The business had revenue of C$292.75 million during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS 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. Stockholders of record on Friday, November 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.50%. MTY Food Group's dividend payout ratio is currently 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.