MTY Food Group (MTY) Set to Announce Earnings on Wednesday

Posted by Defense World Staff on Apr 10th, 2023

MTY Food Group (TSE:MTY – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 12th.

MTY Food Group Stock Performance

Shares of TSE:MTY opened at C$59.20 on Monday. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.87. The business’s fifty day moving average price is C$65.14 and its two-hundred day moving average price is C$60.79. MTY Food Group has a fifty-two week low of C$45.20 and a fifty-two week high of C$73.50. The company has a debt-to-equity ratio of 148.46, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 15th were issued a $0.25 dividend. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, February 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. MTY Food Group’s dividend payout ratio is presently 32.79%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank boosted their price target on shares of MTY Food Group from C$66.00 to C$75.00 in a research report on Friday, February 17th. National Bankshares decreased their price objective on MTY Food Group from C$73.00 to C$72.00 in a research report on Thursday, March 30th. Royal Bank of Canada increased their price target on MTY Food Group from C$59.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Friday, February 17th. CIBC reduced their price target on shares of MTY Food Group from C$77.00 to C$73.00 and set a “neutral” rating on the stock in a research report on Friday, February 17th. Finally, TD Securities increased their price objective on shares of MTY Food Group from C$65.00 to C$67.00 and gave the stock a “hold” rating in a research report on Friday, February 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, MTY Food Group currently has an average rating of “Hold” and a consensus target price of C$71.00.

MTY Food Group Company Profile

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MTY Food Group Inc franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. The company also sells retail products under a multitude of banners. As of November 30, 2021, the company had 6,719 locations comprising 6,603 franchised, 23 joint ventures, and 93 corporate locations.