Pizza Pizza Royalty Corp. (TSE:PZA – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday after TD Securities upgraded the stock to a hold rating. The stock has a fifty day moving average of C$10.92 and traded as high as C$11.15. Pizza Pizza Royalty shares last traded at C$11.11, with a volume of 161,060 shares changing hands.
Separately, TD decreased their price target on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Pizza Pizza Royalty presently has a consensus rating of “Hold” and a consensus target price of C$13.50.
Get Our Latest Analysis on Pizza Pizza Royalty
Pizza Pizza Royalty Stock Up 5.7%
The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02. The firm has a 50-day simple moving average of C$10.92 and a two-hundred day simple moving average of C$13.56. The company has a market cap of C$375.57 million, a PE ratio of 12.21 and a beta of 0.64.
Pizza Pizza Royalty Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be issued a $0.0675 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.81 dividend on an annualized basis and a yield of 7.3%. Pizza Pizza Royalty’s payout ratio is currently 100.00%.
Pizza Pizza Royalty Company Profile
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.
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