Pizza Pizza Royalty (TSE:PZA) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$15.75 and traded as high as C$15.80. Pizza Pizza Royalty shares last traded at C$15.57, with a volume of 30,249 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their target price on Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the company a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$17.00.

Pizza Pizza Royalty Stock Performance

The company has a market capitalization of C$519.32 million, a PE ratio of 16.56 and a beta of 0.34. The business’s 50-day moving average is C$15.75 and its 200-day moving average is C$15.29. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were paid a $0.0775 dividend. This represents a dividend yield of 605.0%. The ex-dividend date of this dividend was Monday, September 29th. Pizza Pizza Royalty’s dividend payout ratio is currently 98.94%.

About Pizza Pizza Royalty

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.