Pizza Pizza Royalty (TSE:PZA) Hits New 1-Year Low – Should You Sell?

Shares of Pizza Pizza Royalty Corp. (TSE:PZA) hit a new 52-week low during trading on Wednesday . The company traded as low as C$12.24 and last traded at C$12.27, with a volume of 59584 shares traded. The stock had previously closed at C$12.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities raised Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. TD dropped their price target on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$14.00.

Pizza Pizza Royalty Stock Down 1.0%

The firm has a market capitalization of C$415.13 million, a price-to-earnings ratio of 13.49 and a beta of 0.58. The business’s fifty day moving average price is C$12.85 and its 200 day moving average price is C$14.25. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.0675 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.6%. Pizza Pizza Royalty’s dividend payout ratio is currently 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.