Pizza Pizza Royalty (TSE:PZA) Reaches New 12-Month Low – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week low on Tuesday . The company traded as low as C$11.07 and last traded at C$11.13, with a volume of 89854 shares. The stock had previously closed at C$11.23.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. TD dropped their target price on 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$14.00.

Pizza Pizza Royalty Trading Down 1.4%

The firm has a market cap of C$374.22 million, a P/E ratio of 12.16 and a beta of 0.55. The business’s 50 day moving average is C$12.47 and its 200-day moving average is C$13.79. The company has a quick ratio of 3.02, a current ratio of 1.66 and a debt-to-equity ratio of 15.27.

Pizza Pizza Royalty Announces Dividend

The business 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. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio is 100.00%.

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.