Shares of Pizza Pizza Royalty Corp. (TSE:PZA – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.31 and traded as low as C$12.69. Pizza Pizza Royalty shares last traded at C$12.76, with a volume of 77,176 shares trading hands.
Analyst Ratings Changes
Separately, TD cut their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Pizza Pizza Royalty has an average rating of “Hold” and a consensus target price of C$14.00.
Get Our Latest Stock Analysis on PZA
Pizza Pizza Royalty Trading Up 1.7%
Pizza Pizza Royalty (TSE:PZA – Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 29.35% and a return on equity of 10.21%. Research analysts forecast that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current year.
Pizza Pizza Royalty Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.0675 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Pizza Pizza Royalty’s dividend payout ratio is presently 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.
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