Raymond James Issues Pessimistic Forecast for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY) had its price objective reduced by Raymond James from C$55.00 to C$50.00 in a research note published on Monday morning,BayStreet.CA reports.

MTY Food Group Stock Up 2.8 %

Shares of TSE MTY opened at C$40.47 on Monday. The business has a 50-day moving average of C$42.68 and a two-hundred day moving average of C$45.51. The company has a market capitalization of C$943.65 million, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. MTY Food Group has a 1 year low of C$36.79 and a 1 year high of C$53.16. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.32 annualized dividend and a dividend yield of 3.26%. MTY Food Group’s dividend payout ratio is presently 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.