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CA - MTY Food Group: Valuation Too Cheap To Ignore Rating Upgrade
CA Inc.
2024-06-18 02:00:54 ET
Summary
MTY Food Group operates multiple franchised restaurant brands in North America, with a portfolio of approximately 90 brands.
The company has a successful history of acquiring smaller brands and growing them but is now focusing on larger acquisitions at higher multiples.
Q1'24 results showed continued margin pressures during a weaker demand environment and cost pressures with respect to labor inflation.
While these challenges could persist for a few more quarters, MTYFF is now trading at the low end of its historical valuation range and is one of the cheapest names in its peer group.