Pizza Pizza Royalty (TSE:PZA) Sets New 52-Week Low – Should You Sell?

Shares of Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.46 and last traded at C$11.51, with a volume of 54154 shares trading hands. The stock had previously closed at C$11.87.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PZA. TD Securities upgraded Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. TD lowered their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$14.00.

Check Out Our Latest Stock Report on Pizza Pizza Royalty

Pizza Pizza Royalty Price Performance

The company has a debt-to-equity ratio of 15.27, a quick ratio of 3.02 and a current ratio of 1.66. The business’s fifty day simple moving average is C$12.65 and its 200 day simple moving average is C$13.97. The stock has a market cap of C$387.41 million, a price-to-earnings ratio of 12.59 and a beta of 0.55.

Pizza Pizza Royalty Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.0675 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.1%. Pizza Pizza Royalty’s payout ratio is 100.00%.

About Pizza Pizza Royalty

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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.

Further Reading

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