Pizza Pizza Royalty (TSE:PZA) Hits New 1-Year Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$11.07 and last traded at C$11.13, with a volume of 89854 shares traded. The stock had previously closed at C$11.23.

Analysts Set New Price Targets

PZA has been the subject of a number of research reports. TD cut 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 research report on Tuesday, May 19th. TD Securities upgraded shares of Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$14.00.

Pizza Pizza Royalty Stock Down 1.4%

The stock has a fifty day moving average of C$12.47 and a two-hundred day moving average of C$13.79. The company has a quick ratio of 3.02, a current ratio of 1.66 and a debt-to-equity ratio of 15.27. The stock has a market cap of C$374.22 million, a price-to-earnings ratio of 12.16 and a beta of 0.55.

Pizza Pizza Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.0675 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is currently 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.