Pizza Pizza Royalty (TSE:PZA) Reaches New 1-Year Low at $12.70

Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week low on Friday . The company traded as low as C$12.70 and last traded at C$12.70, with a volume of 48899 shares. The stock had previously closed at C$12.88.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price target on Pizza Pizza Royalty from C$14.00 to C$13.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Pizza Pizza Royalty Stock Performance

The company has a current ratio of 0.20, a quick ratio of 3.03 and a debt-to-equity ratio of 15.66. The firm has a market capitalization of C$313.17 million, a price-to-earnings ratio of 12.99 and a beta of 0.91. The company has a 50-day moving average of C$13.10 and a 200-day moving average of C$13.45.

Pizza Pizza Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.94 dividend on an annualized basis and a yield of 7.36%. Pizza Pizza Royalty’s payout ratio is currently 94.90%.

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 Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.