MTY Food Group (TSE:MTY) Share Price Breaks Above Fifty Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$32.59 and traded as high as C$33.01. MTY Food Group shares last traded at C$32.75, with a volume of 124,139 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on MTY shares. Royal Bank Of Canada dropped their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. TD Securities raised shares of MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Acumen Capital lowered their price objective on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Scotia lowered their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Finally, National Bank Financial dropped their price objective on shares of MTY Food Group from C$40.00 to C$37.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MTY Food Group currently has a consensus rating of “Hold” and an average price target of C$41.12.

MTY Food Group Trading Up 0.9%

The stock has a market cap of C$748.04 million, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The stock’s 50-day moving average is C$32.59 and its two-hundred day moving average is C$37.12. The company has a debt-to-equity ratio of 117.99, a current ratio of 0.75 and a quick ratio of 0.56.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Friday, October 9th. The company reported C$1.26 earnings per share (EPS) for the quarter. The company had revenue of C$277.73 million for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. Equities research analysts anticipate that MTY Food Group Inc. will post 4.49 EPS for the current year.

MTY Food Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 3rd. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.37. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.1%. MTY Food Group’s dividend payout ratio (DPR) is 30.06%.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.