MTY Food Group (TSE:MTY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

MTY Food Group Inc. (TSE:MTY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.31 and traded as high as C$47.20. MTY Food Group shares last traded at C$46.10, with a volume of 34,677 shares.

Analysts Set New Price Targets

Separately, National Bankshares boosted their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$54.43.

MTY Food Group Price Performance

The company has a market capitalization of C$1.12 billion, a PE ratio of 11.91, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The stock has a 50 day moving average price of C$46.78 and a two-hundred day moving average price of C$45.33.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.04 by C$0.42. The firm had revenue of C$292.75 million for the quarter, compared to analyst estimates of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. Equities analysts forecast that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) is currently 28.21%.

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.