Pizza Pizza Royalty (TSE:PZA) Given New C$16.00 Price Target at TD Securities

Pizza Pizza Royalty (TSE:PZA) had its target price lowered by TD Securities from C$17.00 to C$16.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Pizza Pizza Royalty Trading Down 3.1%

TSE:PZA opened at C$14.19 on Thursday. Pizza Pizza Royalty has a 12 month low of C$12.47 and a 12 month high of C$16.47. The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72. The firm’s 50 day moving average is C$15.62 and its 200 day moving average is C$15.33. The stock has a market capitalization of C$473.29 million, a PE ratio of 15.10 and a beta of 0.36.

Pizza Pizza Royalty Dividend Announcement

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

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.