Pizza Pizza Royalty (TSE:PZA) Hits New 12-Month Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report)’s share price hit a new 52-week low 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.

Analyst Upgrades and Downgrades

PZA has been the subject of several research reports. TD decreased their target price on 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. TD Securities upgraded shares of Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Pizza Pizza Royalty currently has a consensus rating of “Hold” and an average price target of C$14.00.

Read Our Latest Analysis on PZA

Pizza Pizza Royalty Stock Performance

The firm has a market cap of C$424.25 million, a price-to-earnings ratio of 13.24 and a beta of 0.58. The stock’s fifty day moving average is C$12.88 and its two-hundred day moving average is C$14.58. The company has a debt-to-equity ratio of 15.24, a quick ratio of 3.02 and a current ratio of 1.64.

Pizza Pizza Royalty Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders 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 6.5%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 98.09%.

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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