MTY Food Group (TSE:MTY) Price Target Raised to C$70.00

Posted by on Jul 13th, 2023

MTY Food Group (TSE:MTY – Free Report) had its price target upped by TD Securities from C$67.00 to C$70.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James increased their target price on shares of MTY Food Group from C$66.00 to C$70.00 and gave the stock a market perform rating in a report on Wednesday. Royal Bank of Canada lifted their target price on MTY Food Group from C$69.00 to C$71.00 and gave the company a sector perform rating in a report on Wednesday. CIBC raised MTY Food Group from a neutral rating to an outperform rating and boosted their target price for the stock from C$69.00 to C$75.00 in a research note on Wednesday. Finally, National Bankshares increased their price target on MTY Food Group from C$69.00 to C$70.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$71.83.

MTY Food Group Price Performance

MTY stock opened at C$66.20 on Wednesday. The business’s fifty day moving average price is C$59.39 and its 200 day moving average price is C$61.62. MTY Food Group has a 12-month low of C$49.50 and a 12-month high of C$73.50. The company has a market capitalization of C$1.62 billion, a PE ratio of 21.15, a P/E/G ratio of 0.75 and a beta of 1.84. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 183.57.

MTY Food Group (TSE:MTY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 12th. The company reported C$0.75 earnings per share (EPS) for the quarter. MTY Food Group had a net margin of 8.88% and a return on equity of 11.10%. The company had revenue of C$286.00 million for the quarter, compared to analyst estimates of C$282.70 million. On average, sell-side analysts anticipate that MTY Food Group will post 3.6607595 EPS for the current year.

MTY Food Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Wednesday, August 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. MTY Food Group’s dividend payout ratio is presently 31.95%.

MTY Food Group Company Profile

(Get Free Report)

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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Analyst Recommendations for MTY Food Group (TSE:MTY)

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