MTY Food Group (TSE:MTY – Free Report) had its price target reduced by Royal Bank of Canada from C$58.00 to C$51.00 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also recently weighed in on MTY. Acumen Capital raised their price target on MTY Food Group from C$60.00 to C$75.00 and gave the company a buy rating in a research report on Friday, February 16th. Scotiabank dropped their target price on shares of MTY Food Group from C$55.00 to C$50.00 and set a sector perform rating for the company in a report on Monday. TD Securities lowered their price target on shares of MTY Food Group from C$59.00 to C$49.00 and set a hold rating on the stock in a research report on Monday. Raymond James cut their price objective on MTY Food Group from C$65.00 to C$60.00 and set a market perform rating for the company in a research report on Friday, February 16th. Finally, National Bankshares dropped their price target on MTY Food Group from C$59.00 to C$57.00 and set an outperform rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$54.29.
Read Our Latest Stock Analysis on MTY Food Group
MTY Food Group Stock Down 0.4 %
MTY Food Group (TSE:MTY – Get Free Report) last announced its quarterly earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The company had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. On average, analysts forecast that MTY Food Group will post 4.0429722 earnings per share for the current fiscal year.
MTY Food Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.40%. MTY Food Group’s payout ratio 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.
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