Pizza Pizza Royalty (TSE:PZA) Director Purchases C$19,125.00 in Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Edward Peter Howard Nash purchased 1,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of C$12.75 per share, for a total transaction of C$19,125.00. Following the transaction, the director directly owned 8,500 shares in the company, valued at approximately C$108,375. The trade was a 21.43% increase in their ownership of the stock.

Pizza Pizza Royalty Stock Up 0.3%

Shares of TSE:PZA traded up C$0.04 during trading on Wednesday, hitting C$12.77. 65,672 shares of the company were exchanged, compared to its average volume of 65,291. The stock has a market cap of C$431.69 million, a price-to-earnings ratio of 13.47 and a beta of 0.51. Pizza Pizza Royalty Corp. has a fifty-two week low of C$12.22 and a fifty-two week high of C$16.73. The firm has a fifty day moving average price of C$14.72 and a two-hundred day moving average price of C$15.40. The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24.

Pizza Pizza Royalty (TSE:PZA) last posted its earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. As a group, research analysts anticipate that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current fiscal year.

Pizza Pizza Royalty Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.0675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Pizza Pizza Royalty’s payout ratio is presently 98.09%.

Analysts Set New Price Targets

Separately, TD reduced their price target on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Pizza Pizza Royalty has a consensus rating of “Hold” and an average price target of C$14.00.

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.