Pizza Pizza Royalty (TSE:PZA) Upgraded to Hold at TD Securities

TD Securities upgraded shares of Pizza Pizza Royalty (TSE:PZA) to a hold rating in a report published on Friday morning,Zacks.com reports.

Separately, TD dropped 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.com, the stock has an average rating of “Hold” and a consensus price target of C$14.00.

Pizza Pizza Royalty Stock Up 2.0%

TSE PZA opened at C$12.65 on Friday. The business has a fifty day moving average price of C$12.92 and a 200 day moving average price of C$14.78. The company has a debt-to-equity ratio of 15.24, a quick ratio of 3.02 and a current ratio of 1.64. The company has a market cap of C$427.63 million, a P/E ratio of 13.34 and a beta of 0.59. Pizza Pizza Royalty has a one year low of C$12.22 and a one year high of C$16.73.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.0675 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is currently 98.09%.

Pizza Pizza Royalty Company Profile

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.