MTY Food Group Inc. 

Company Overview: MTY Food Group Inc. (TSX: MTY) is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International.

As per the previous ‘Earnings Hunter’ Report published on “MTY” as on 17^th October 2022, Kalkine provided an ‘Attractive’ stance on the stock at CAD 55.28 based on ‘Earnings Hunter Score’, and the stock price has moved by 7.9% since then and the price is now close to the Resistance 1 level.

 Noted below are the details of support and resistance levels provided in the previous report:

MTY’s Daily Chart

MTY, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group 

Considering the resistance, risk-reward scenario, current trading levels and uncertain macro environment, the stock seems ‘unattractive’ at the closing market price of CAD 59.65 (as of 10^th November 2022).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

MTY Food Group Inc. is a part of Kalkine’s Earnings Hunter Report 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 14 October 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Disclaimer

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