May 19, 2022

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Acumen Capital Cuts MTY Food Group (TSE:MTY) Price Target to C$76.00

MTY Food Group (TSE:MTYGet Rating) had its price objective cut by Acumen Capital from C$77.00 to C$76.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on MTY. Raymond James lowered their price target on MTY Food Group from C$73.00 to C$68.00 and set a market perform rating on the stock in a research report on Friday, February 18th. CIBC lowered their price target on MTY Food Group from C$84.00 to C$76.00 and set an outperform rating on the stock in a research report on Friday, February 18th. National Bankshares lowered their price target on MTY Food Group from C$75.00 to C$70.00 and set an outperform rating on the stock in a research report on Friday, February 18th. TD Securities lowered their price target on MTY Food Group from C$70.00 to C$62.00 and set a hold rating on the stock in a research report on Friday, February 18th. Finally, Royal Bank of Canada upped their price target on MTY Food Group from C$62.00 to C$66.00 and gave the company a sector perform rating in a research report on Friday, February 18th. One equities 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 MarketBeat, the company has a consensus rating of Hold and an average target price of C$69.88.

MTY opened at C$53.53 on Monday. The stock has a market cap of C$1.31 billion and a PE ratio of 15.47. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 128.57. MTY Food Group has a 1 year low of C$47.90 and a 1 year high of C$72.10. The stock’s 50 day simple moving average is C$53.55 and its 200-day simple moving average is C$57.89.

MTY Food Group (TSE:MTYGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported C$1.02 earnings per share (EPS) for the quarter. The firm had revenue of C$146.29 million for the quarter, compared to the consensus estimate of C$152.60 million. Equities analysts forecast that MTY Food Group will post 3.8699998 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 15th. Stockholders of record on Tuesday, February 15th were paid a $0.21 dividend. The ex-dividend date was Wednesday, February 2nd. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. MTY Food Group’s dividend payout ratio (DPR) is 16.76%.

In other MTY Food Group news, Director Eric Lefebvre bought 1,000 shares of the stock in a transaction dated Wednesday, February 23rd. The stock was bought at an average cost of C$50.73 per share, for a total transaction of C$50,725.00. Following the completion of the purchase, the director now owns 11,059 shares in the company, valued at approximately C$560,967.78.

About MTY Food Group (Get Rating)

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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