Pizza Pizza Royalty (TSE:PZA) Hits New 1-Year Low – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$12.24 and last traded at C$12.27, with a volume of 59584 shares changing hands. The stock had previously closed at C$12.41.

Wall Street Analysts Forecast Growth

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

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Pizza Pizza Royalty Trading Down 1.0%

The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02. The firm has a market cap of C$415.13 million, a PE ratio of 13.49 and a beta of 0.58. The company’s 50 day moving average price is C$12.85 and its 200 day moving average price is C$14.25.

Pizza Pizza Royalty Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.0675 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.6%. Pizza Pizza Royalty’s dividend payout ratio is 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.

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