Pizza Pizza Royalty (TSE:PZA) Sets New 12-Month High – What’s Next?

Shares of Pizza Pizza Royalty Corp. (TSE:PZA) hit a new 52-week high on Friday . The stock traded as high as C$16.65 and last traded at C$16.64, with a volume of 22680 shares trading hands. The stock had previously closed at C$16.60.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price target on Pizza Pizza Royalty from C$17.00 to C$16.00 and set a “hold” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty currently has a consensus rating of “Hold” and a consensus target price of C$16.00.

Pizza Pizza Royalty Price Performance

The stock has a market cap of C$558.01 million, a PE ratio of 17.80 and a beta of 0.32. The company has a 50-day simple moving average of C$16.07 and a 200-day simple moving average of C$15.70. The company has a debt-to-equity ratio of 15.72, a current ratio of 0.19 and a quick ratio of 3.03.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.