MTY Food Group Inc. (TSE:MTY - Get Free Report) announced a quarterly dividend on Friday, October 11th, Zacks reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.28 per share on Friday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 5th.
MTY Food Group Trading Down 1.5 %
MTY Food Group stock traded down C$0.69 during trading on Friday, reaching C$45.75. 99,800 shares of the company were exchanged, compared to its average volume of 47,806. The company has a debt-to-equity ratio of 149.81, a current ratio of 0.64 and a quick ratio of 0.57. The stock's 50 day simple moving average is C$44.12 and its two-hundred day simple moving average is C$45.59. The company has a market capitalization of C$1.09 billion, a P/E ratio of 11.16, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a 52-week low of C$40.45 and a 52-week high of C$59.80.
MTY Food Group (TSE:MTY - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. The firm had revenue of C$292.75 million for the quarter, compared to analysts' expectations of C$300.60 million. On average, equities research analysts expect that MTY Food Group will post 4.2289377 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MTY. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. National Bankshares upped their price target on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Finally, TD Securities upped their price target on MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$54.43.
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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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