Pizza Pizza Royalty (TSE:PZA) Sets New 12-Month Low – Time to Sell?

Pizza Pizza Royalty Corp. (TSE:PZA) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$11.07 and last traded at C$11.13, with a volume of 89854 shares traded. The stock had previously closed at C$11.23.

Analyst Ratings Changes

Separately, TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$14.00.

Pizza Pizza Royalty Stock Down 0.5%

The firm has a market capitalization of C$375.24 million, a PE ratio of 12.20 and a beta of 0.55. The firm’s 50 day moving average price is C$12.39 and its two-hundred day moving average price is C$13.72. The company has a quick ratio of 3.02, a current ratio of 1.66 and a debt-to-equity ratio of 15.27.

Pizza Pizza Royalty Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.0675 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is presently 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.