MTY Food Group (TSE:MTY) Shares Pass Above 200-Day Moving Average – Here’s Why

MTY Food Group Inc. (TSE:MTY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$39.29 and traded as high as C$39.62. MTY Food Group shares last traded at C$39.37, with a volume of 33,143 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MTY shares. Raymond James Financial decreased their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Monday, April 13th. National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the company an “outperform” rating in a report on Monday, April 6th. TD Securities raised their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, February 20th. Scotiabank decreased their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. Finally, TD decreased their price objective on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$46.00.

MTY Food Group Trading Up 1.1%

The firm has a 50-day moving average of C$39.07 and a 200-day moving average of C$39.29. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69. The firm has a market capitalization of C$899.25 million, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%.The business had revenue of C$267.77 million for the quarter. On average, equities research analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, May 5th. MTY Food Group’s dividend payout ratio (DPR) is presently 20.21%.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.