MTY Food Group (TSE:MTY) Price Target Cut to C$65.00 by Analysts at Acumen Capital

MTY Food Group (TSE:MTY) had its target price cut by Acumen Capital from C$75.00 to C$65.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

MTY has been the topic of a number of other reports. Scotiabank reduced their price target on shares of MTY Food Group from C$55.00 to C$50.00 and set a sector perform rating on the stock in a research report on Monday. National Bankshares cut their price objective on shares of MTY Food Group from C$59.00 to C$57.00 and set an outperform rating on the stock in a report on Monday. Royal Bank of Canada cut their price objective on shares of MTY Food Group from C$58.00 to C$51.00 and set a sector perform rating on the stock in a report on Monday. TD Securities lowered their target price on shares of MTY Food Group from C$59.00 to C$49.00 and set a hold rating for the company in a research note on Monday. Finally, CIBC lowered their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an outperform rating for the company in a research note on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, MTY Food Group currently has a consensus rating of Hold and an average price target of C$54.29.

MTY Food Group Stock Performance

TSE:MTY opened at C$46.79 on Monday. The firm’s 50-day moving average is C$51.47 and its 200-day moving average is C$53.09. MTY Food Group has a 52-week low of C$44.48 and a 52-week high of C$68.60. The company has a debt-to-equity ratio of 154.98, a quick ratio of 0.57 and a current ratio of 0.61. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The business had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. Equities research analysts anticipate that MTY Food Group will post 4.0429722 earnings per share for the current year.

MTY Food Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is currently 24.24%.

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.