Pizza Pizza Royalty (TSE:PZA) Director Neil Gainford Lester Purchases 1,000 Shares of Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Neil Gainford Lester purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of C$11.02 per share, with a total value of C$11,020.00. Following the transaction, the director directly owned 7,087 shares in the company, valued at C$78,098.74. This trade represents a 16.43% increase in their ownership of the stock.

Pizza Pizza Royalty Stock Performance

TSE:PZA opened at C$10.70 on Friday. Pizza Pizza Royalty Corp. has a 52 week low of C$10.56 and a 52 week high of C$16.73. The company has a fifty day simple moving average of C$12.09 and a two-hundred day simple moving average of C$13.46. The company has a quick ratio of 3.02, a current ratio of 1.66 and a debt-to-equity ratio of 15.27. The company has a market cap of C$361.71 million, a price-to-earnings ratio of 11.76 and a beta of 0.55.

Pizza Pizza Royalty Dividend Announcement

The business 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. The ex-dividend date was Tuesday, June 30th. This represents a $0.81 annualized dividend and a yield of 7.6%. Pizza Pizza Royalty’s dividend payout ratio is 100.00%.

Wall Street Analyst Weigh In

Separately, TD Securities raised Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty has a consensus rating of “Hold” and a consensus target price of C$14.00.

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.