Pizza Pizza Royalty (TSE:PZA) Reaches New 52-Week Low – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$10.86 and last traded at C$10.94, with a volume of 179877 shares traded. The stock had previously closed at C$10.86.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Pizza Pizza Royalty has an average rating of “Hold” and an average price target of C$14.00.

Pizza Pizza Royalty Trading Up 0.2%

The company has a 50-day simple moving average of C$12.30 and a 200-day simple moving average of C$13.64. The company has a debt-to-equity ratio of 15.27, a quick ratio of 3.02 and a current ratio of 1.66. The stock has a market cap of C$367.80 million, a P/E ratio of 11.96 and a beta of 0.55.

Pizza Pizza Royalty Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.0675 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 100.00%.

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.