MTY Food Group (MTY) Sets New 52-Week High at $72.21

MTY Food Group Inc (TSE:MTY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$72.21 and last traded at C$72.00, with a volume of 65412 shares changing hands. The stock had previously closed at C$71.18.

A number of research firms have weighed in on MTY. National Bank Financial increased their target price on shares of MTY Food Group from C$53.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Thursday, July 12th. TD Securities increased their target price on shares of MTY Food Group from C$55.00 to C$56.00 and gave the company a “hold” rating in a research report on Thursday, July 12th.

The company has a debt-to-equity ratio of 49.41, a current ratio of 0.53 and a quick ratio of 0.46.

MTY Food Group (TSE:MTY) last released its earnings results on Wednesday, October 10th. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.24. The firm had revenue of C$91.24 million for the quarter, compared to analyst estimates of C$90.80 million. Equities research analysts forecast that MTY Food Group Inc will post 3.22999976040335 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, November 2nd. MTY Food Group’s dividend payout ratio is presently 13.30%.

In other MTY Food Group news, Director Dickie Orr sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of C$71.00, for a total transaction of C$71,000.00.

COPYRIGHT VIOLATION WARNING: This article was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/10/mty-food-group-mty-sets-new-52-week-high-at-72-21.html.

MTY Food Group Company Profile (TSE:MTY)

MTY Food Group Inc franchises and operates quick-service restaurants in Canada and internationally. It also operates a distribution center and a food processing plant. As of November 30, 2017, the company had 5,469 locations comprising 5,402 franchised and 67 company operated locations. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.

Featured Article: How Investors Use a Balance Sheet

Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply