MTY Food Group (TSE:MTY) Given a C$51.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$51.00 target price on MTY Food Group (TSE:MTY) in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Raymond James lowered their price target on MTY Food Group from C$55.00 to C$50.00 in a report on Monday, April 14th.

MTY Food Group Stock Performance

Shares of MTY opened at C$41.86 on Thursday. The stock has a 50 day moving average price of C$41.93 and a 200 day moving average price of C$44.97. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. The company has a market capitalization of C$976.06 million, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. MTY Food Group has a 52-week low of C$36.79 and a 52-week high of C$53.16.

MTY Food Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, May 1st. MTY Food Group’s payout ratio is currently 27.97%.

About MTY Food Group

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.