Pizza Pizza Royalty (TSE:PZA) Reaches New 12-Month Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZA) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.24 and last traded at C$12.27, with a volume of 59584 shares changing hands. The stock had previously closed at C$12.41.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PZA. TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. TD reduced their target price on 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty presently has an average rating of “Hold” and an average target price of C$14.00.

Pizza Pizza Royalty Stock Performance

The firm’s fifty day moving average price is C$12.81 and its 200 day moving average price is C$14.19. The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. The stock has a market capitalization of C$409.38 million, a price-to-earnings ratio of 13.31 and a beta of 0.58.

Pizza Pizza Royalty Announces Dividend

The company also recently declared 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) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio is 100.00%.

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.