MTY Food Group (TSE:MTY – Free Report) had its price objective boosted by TD Securities from C$49.00 to C$51.00 in a research note issued to investors on Friday, BayStreet.CA reports.
A number of other equities analysts also recently weighed in on MTY. CIBC dropped their target price on MTY Food Group from C$62.00 to C$53.00 and set an outperform rating on the stock in a report on Monday, April 15th. Scotiabank dropped their price objective 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 note on Monday, April 15th. Raymond James decreased their target price on shares of MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th. Acumen Capital lowered their price target on shares of MTY Food Group from C$75.00 to C$65.00 and set a buy rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada cut their price objective on MTY Food Group from C$58.00 to C$51.00 and set a sector perform rating for the company in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, MTY Food Group presently has a consensus rating of Hold and a consensus price target of C$54.29.
Check Out Our Latest Stock Analysis on MTY Food Group
MTY Food Group Trading Down 0.6 %
MTY Food Group (TSE:MTY – Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. Research analysts forecast that MTY Food Group will post 3.6823529 EPS for the current year.
MTY Food Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a $0.28 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.38%. MTY Food Group’s dividend payout ratio is currently 26.60%.
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.
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