Pizza Pizza Royalty (TSE:PZA) Director Neil Gainford Lester Buys 1,000 Shares of Company Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Neil Gainford Lester bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average cost of C$11.02 per share, for a total transaction of C$11,020.00. Following the completion of the purchase, the director owned 7,087 shares of the company’s stock, valued at C$78,098.74. This trade represents a 16.43% increase in their ownership of the stock.

Pizza Pizza Royalty Trading Up 1.1%

PZA traded up C$0.12 during trading on Friday, hitting C$10.70. 201,291 shares of the stock traded hands, compared to its average volume of 76,625. The firm has a market capitalization of C$361.71 million, a P/E ratio of 11.76 and a beta of 0.55. Pizza Pizza Royalty Corp. has a 12-month low of C$10.56 and a 12-month high of C$16.73. 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 50-day moving average of C$12.09 and a 200 day moving average of C$13.46.

Pizza Pizza Royalty Announces Dividend

The company 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 $0.81 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

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

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.