Pizza Pizza Royalty (TSE:PZA) Reaches New 52-Week Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$11.66 and last traded at C$11.65, with a volume of 86401 shares traded. The stock had previously closed at C$11.97.

Analyst Ratings Changes

PZA has been the subject of a number of recent research reports. TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. TD cut their price target 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, Pizza Pizza Royalty presently has a consensus rating of “Hold” and a consensus target price of C$14.00.

Pizza Pizza Royalty Price Performance

The firm has a market capitalization of C$393.83 million, a price-to-earnings ratio of 12.80 and a beta of 0.58. The stock’s fifty day moving average price is C$12.77 and its two-hundred day moving average price is C$14.13. The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27.

Pizza Pizza Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.0675 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Pizza Pizza Royalty’s 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.