Pizza Pizza Royalty (TSE:PZA) Stock Gets Price Target Cut from TD

Pizza Pizza Royalty (TSE:PZA) had its price target dropped by TD from C$12.00 to C$11.00 in a research report issued on Tuesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s price objective points to a potential downside of 0.54% from the company’s previous close.

Separately, TD Securities raised 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$13.50.

Pizza Pizza Royalty Trading Up 5.2%

Shares of PZA stock traded up C$0.55 during mid-day trading on Tuesday, reaching C$11.06. The stock had a trading volume of 118,142 shares, compared to its average volume of 76,826. The firm has a market capitalization of C$373.88 million, a PE ratio of 12.15 and a beta of 0.64. The stock’s 50-day moving average price is C$10.94 and its two-hundred day moving average price is C$13.58. The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. Pizza Pizza Royalty has a 52-week low of C$10.10 and a 52-week high of C$16.73.

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.