MTY Food Group (TSE:MTY) Stock Price Passes Above 200 Day Moving Average of $54.73

MTY Food Group Inc. (TSE:MTYGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$54.73 and traded as high as C$59.90. MTY Food Group shares last traded at C$58.82, with a volume of 14,008 shares traded.

Analyst Ratings Changes

MTY has been the subject of several research reports. TD Securities boosted their price objective on shares of MTY Food Group from C$62.00 to C$70.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Royal Bank of Canada increased their price objective on shares of MTY Food Group from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 10th. Scotiabank increased their target price on shares of MTY Food Group from C$64.00 to C$68.50 in a report on Wednesday, August 10th. National Bankshares increased their price objective on shares of MTY Food Group from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, August 10th. Finally, CIBC raised their price objective on shares of MTY Food Group from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued 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$70.94.

MTY Food Group Trading Down 1.1 %

The business has a 50 day moving average price of C$59.09 and a 200-day moving average price of C$54.78. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 118.74. The company has a market cap of C$1.37 billion and a P/E ratio of 14.85.

MTY Food Group (TSE:MTYGet Rating) last posted its quarterly earnings data on Friday, July 8th. The company reported C$1.17 earnings per share for the quarter, topping the consensus estimate of C$1.00 by C$0.17. The firm had revenue of C$162.52 million for the quarter, compared to the consensus estimate of C$155.00 million. Analysts forecast that MTY Food Group Inc. will post 4.3999999 earnings per share for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Wednesday, August 3rd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, August 2nd. MTY Food Group’s dividend payout ratio is currently 20.68%.

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.

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