MTY Food Group Inc. (TSE:MTY – Get Free Report) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$54.43.
A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. National Bankshares increased their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. Finally, TD Securities increased their target price on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th.
Read Our Latest Analysis on MTY
MTY Food Group Stock Up 2.5 %
MTY Food Group (TSE:MTY – Get Free Report) last released its earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.14. The business had revenue of C$303.74 million during the quarter, compared to the consensus estimate of C$294.10 million. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. On average, research analysts forecast that MTY Food Group will post 4.2289377 EPS for the current year.
MTY Food Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is 27.32%.
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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