Pizza Pizza Royalty (TSE:PZA) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.40 and traded as low as C$12.60. Pizza Pizza Royalty shares last traded at C$12.65, with a volume of 76,538 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PZA shares. TD reduced their price objective on 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. TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$14.00.

View Our Latest Stock Report on Pizza Pizza Royalty

Pizza Pizza Royalty Stock Up 1.3%

The firm has a market cap of C$432.70 million, a price-to-earnings ratio of 14.07 and a beta of 0.58. The firm’s fifty day moving average is C$12.89 and its two-hundred day moving average is C$14.37. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02.

Pizza Pizza Royalty Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.0675 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.3%. Pizza Pizza Royalty’s payout ratio is presently 100.00%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

Further Reading

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