Pizza Pizza Royalty (TSE:PZA) Sets New 12-Month Low – Time to Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$12.19 and last traded at C$12.54, with a volume of 73393 shares trading hands. The stock had previously closed at C$12.65.

Analysts Set New Price Targets

PZA has been the subject of a number of research analyst 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$14.00.

Pizza Pizza Royalty Price Performance

The company has a debt-to-equity ratio of 15.24, a current ratio of 1.64 and a quick ratio of 3.02. The firm has a market capitalization of C$437.44 million, a price-to-earnings ratio of 13.65 and a beta of 0.58. The business’s fifty day simple moving average is C$12.88 and its 200 day simple moving average is C$14.55.

Pizza Pizza Royalty Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders 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 6.3%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 98.09%.

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.