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.
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.
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.
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