Pizza Pizza Royalty (TSE:PZA) Reaches New 12-Month Low on Analyst Downgrade

Pizza Pizza Royalty Corp. (TSE:PZA) hit a new 52-week low during trading on Tuesday after TD lowered their price target on the stock from C$14.00 to C$12.00. TD currently has a hold rating on the stock. Pizza Pizza Royalty traded as low as C$12.50 and last traded at C$12.95, with a volume of 367873 shares. The stock had previously closed at C$13.82.

Pizza Pizza Royalty Trading Down 6.2%

The business’s 50 day simple moving average is C$15.36 and its two-hundred day simple moving average is C$15.56. The stock has a market cap of C$438.11 million, a P/E ratio of 13.67 and a beta of 0.51. The company has a quick ratio of 3.03, a current ratio of 1.64 and a debt-to-equity ratio of 15.24.

Pizza Pizza Royalty (TSE:PZA) last issued its earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share (EPS) for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. As a group, analysts expect that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0675 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.3%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 98.09%.

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.