Pizza Pizza Royalty (TSE:PZA) Reaches New 12-Month High – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week high on Thursday . The company traded as high as C$16.47 and last traded at C$16.41, with a volume of 78559 shares trading hands. The stock had previously closed at C$16.30.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price objective on Pizza Pizza Royalty from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$16.00.

Pizza Pizza Royalty Stock Up 0.7%

The firm has a market cap of C$547.34 million, a price-to-earnings ratio of 17.46 and a beta of 0.32. The business has a fifty day simple moving average of C$15.71 and a 200 day simple moving average of C$15.64. The company has a debt-to-equity ratio of 15.72, a current ratio of 0.19 and a quick ratio of 3.03.

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. The business activity of the group primarily functions through Canada.