Pizza Pizza Royalty (TSE:PZA) Sets New 52-Week Low – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.46 and last traded at C$11.51, with a volume of 54154 shares traded. The stock had previously closed at C$11.87.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PZA shares. TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. TD decreased their price objective on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$14.00.

Get Our Latest Research Report on Pizza Pizza Royalty

Pizza Pizza Royalty Trading Down 3.5%

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 business’s 50-day simple moving average is C$12.65 and its two-hundred day simple moving average is C$13.97. The stock has a market capitalization of C$387.41 million, a price-to-earnings ratio of 12.59 and a beta of 0.55.

Pizza Pizza Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.0675 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio is 100.00%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

Further Reading

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