Pizza Pizza Royalty (TSE:PZA) Stock Gets Price Target Trim from TD

Pizza Pizza Royalty (TSE:PZA) had its target price cut by TD from C$12.00 to C$11.00 in a report issued on Tuesday morning,BayStreet reports. They currently have a hold rating on the stock.

Separately, TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Pizza Pizza Royalty presently has a consensus rating of “Hold” and a consensus price target of C$11.00.

Pizza Pizza Royalty Price Performance

Shares of TSE PZA opened at C$11.79 on Tuesday. The stock has a market capitalization of C$398.56 million, a price-to-earnings ratio of 12.96 and a beta of 0.63. The business has a 50-day moving average of C$10.89 and a 200-day moving average of C$13.51. The company has a debt-to-equity ratio of 15.26, a current ratio of 1.76 and a quick ratio of 3.02. Pizza Pizza Royalty has a fifty-two week low of C$10.10 and a fifty-two week high of C$16.73.

Pizza Pizza Royalty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 13th will be paid a $0.0675 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.81 annualized dividend and a dividend yield of 6.9%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 96.70%.

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.