MTY Food Group Inc. (TSE:MTY – Get 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 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
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.
- Why Does Tesla Stock Remain Resilient?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
- 2 Semiconductor Stocks To Watch For Reversals
Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.