Edward Peter Howard Nash Purchases 1,500 Shares of Pizza Pizza Royalty (TSE:PZA) Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Edward Peter Howard Nash acquired 1,500 shares of Pizza Pizza Royalty stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of C$12.75 per share, with a total value of C$19,125.00. Following the transaction, the director directly owned 8,500 shares in the company, valued at approximately C$108,375. The trade was a 21.43% increase in their position.

Pizza Pizza Royalty Stock Performance

Shares of PZA opened at C$12.59 on Friday. The company has a debt-to-equity ratio of 15.24, a quick ratio of 3.03 and a current ratio of 1.64. Pizza Pizza Royalty Corp. has a 1 year low of C$12.22 and a 1 year high of C$16.73. The stock has a market capitalization of C$425.60 million, a P/E ratio of 13.28 and a beta of 0.51. The company’s fifty day moving average is C$14.53 and its two-hundred day moving average is C$15.36.

Pizza Pizza Royalty (TSE:PZA) last released its quarterly earnings data on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 76.59% and a return on equity of 10.21%. On average, sell-side analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current year.

Pizza Pizza Royalty Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a $0.0675 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.4%. Pizza Pizza Royalty’s payout ratio is currently 98.09%.

Analysts Set New Price Targets

Separately, TD decreased their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$14.00.

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. The business activity of the group primarily functions through Canada.