Pizza Pizza Royalty (TSE:PZA) Hits New 12-Month Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$12.19 and last traded at C$12.54, with a volume of 73393 shares traded. The stock had previously closed at C$12.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. TD lowered their target price on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$14.00.

Get Our Latest Research Report on Pizza Pizza Royalty

Pizza Pizza Royalty Stock Down 0.8%

The stock has a market cap of C$424.25 million, a price-to-earnings ratio of 13.24 and a beta of 0.58. The company has a quick ratio of 3.02, a current ratio of 1.64 and a debt-to-equity ratio of 15.24. The stock has a fifty day moving average of C$12.88 and a two-hundred day moving average of C$14.58.

Pizza Pizza Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.0675 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is currently 98.09%.

About Pizza Pizza Royalty

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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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