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

Posted by on Jul 13th, 2023

MTY Food Group (TSE:MTY – Free Report) had its target price increased by National Bankshares from C$69.00 to C$70.00 in a research report report published on Wednesday, BayStreet.CA reports.

MTY has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of MTY Food Group from C$69.00 to C$71.00 and gave the company a sector perform rating in a research report on Wednesday. CIBC reduced their price objective on MTY Food Group from C$73.00 to C$69.00 in a research report on Thursday, April 13th. Finally, Raymond James boosted their price objective on MTY Food Group from C$65.00 to C$66.00 and gave the company a market perform rating in a research report on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$71.83.

MTY Food Group Stock Up 3.4 %

Shares of MTY stock opened at C$66.20 on Wednesday. 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 quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 183.57. The firm has a market cap of C$1.62 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.75 and a beta of 1.84. The stock has a 50 day moving average of C$59.39 and a 200-day moving average of C$61.62.

MTY Food Group (TSE:MTY – Get Free Report) last announced its 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 business had revenue of C$286.00 million for the quarter, compared to analyst estimates of C$282.70 million. On average, equities analysts predict that MTY Food Group will post 3.6607595 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Wednesday, August 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 (DPR) 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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