Pizza Pizza Royalty Corp. (TSE:PZA – Get 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%
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
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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