MTY Food Group (TSE:MTY – Free Report) had its price objective trimmed by Royal Bank Of Canada from C$51.00 to C$48.00 in a research note published on Monday morning,BayStreet.CA reports.
A number of other equities research analysts have also weighed in on MTY. Scotiabank raised shares of MTY Food Group to a “hold” rating in a research note on Wednesday, June 18th. Raymond James Financial cut their target price on shares of MTY Food Group from C$55.00 to C$50.00 in a research note on Monday, April 14th.
Get Our Latest Analysis on MTY Food Group
MTY Food Group Trading Up 2.0%
Shares of MTY opened at C$40.64 on Monday. The firm’s 50-day moving average price is C$42.54 and its 200-day moving average price is C$43.66. The firm has a market capitalization of C$947.62 million, a price-to-earnings ratio of 10.15, a PEG ratio of 0.75 and a beta of 1.95. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. MTY Food Group has a 1-year low of C$36.79 and a 1-year high of C$53.16.
MTY Food Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.25%. MTY Food Group’s dividend payout ratio (DPR) is currently 27.97%.
About MTY Food Group
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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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