MTY Food Group Inc (TSE:MTY) reached a new 52-week high during trading on Wednesday . The company traded as high as C$69.85 and last traded at C$69.15, with a volume of 51088 shares traded. The stock had previously closed at C$69.81.
A number of equities research analysts recently commented on the company. National Bank Financial upgraded MTY Food Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Wednesday, October 10th. TD Securities increased their price target on MTY Food Group from C$55.00 to C$56.00 and gave the stock a “hold” rating in a research report on Thursday, July 12th.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.87%.
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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