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An announcement from MTY Food Group ( (TSE:MTY) ) is now available.
MTY Food Group Inc. has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 1,142,068 common shares, which is about 5% of its outstanding shares, from July 3, 2025, to July 2, 2026. This strategic move is seen as a beneficial capital allocation strategy by MTY’s Board of Directors and senior management, potentially impacting the company’s market positioning and shareholder value positively.
The most recent analyst rating on (TSE:MTY) stock is a Hold with a C$55.00 price target. To see the full list of analyst forecasts on MTY Food Group stock, see the TSE:MTY Stock Forecast page.
Spark’s Take on TSE:MTY Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTY is a Outperform.
MTY Food Group’s overall stock score is driven by its strong cash flow generation and resilience amid challenging conditions, as highlighted in the earnings call. The share buyback program further supports investor confidence. However, the high P/E ratio suggests overvaluation risks, and technical indicators show neutral momentum.
To see Spark’s full report on TSE:MTY stock, click here.
More about MTY Food Group
MTY Food Group Inc. is a franchisor and operator of multiple restaurant concepts, primarily focusing on the food service industry. The company is listed on the Toronto Stock Exchange under the symbol MTY.
Average Trading Volume: 47,093
Technical Sentiment Signal: Sell
Current Market Cap: C$971M
Learn more about MTY stock on TipRanks’ Stock Analysis page.