TD Securities Boosts Pizza Pizza Royalty (TSE:PZA) Price Target to C$17.00

Pizza Pizza Royalty (TSE:PZA) had its price objective upped by TD Securities from C$14.00 to C$17.00 in a report issued on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Pizza Pizza Royalty Stock Down 0.8%

TSE:PZA opened at C$16.00 on Monday. The company has a market capitalization of C$394.19 million, a price-to-earnings ratio of 16.93 and a beta of 0.91. Pizza Pizza Royalty has a one year low of C$12.31 and a one year high of C$16.41. The stock has a 50-day simple moving average of C$15.38 and a 200 day simple moving average of C$14.31. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.0775 dividend. Pizza Pizza Royalty’s payout ratio is currently 98.39%.

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.