Pizza Pizza Royalty (TSE:PZA) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$15.21 and traded as high as C$15.62. Pizza Pizza Royalty shares last traded at C$15.57, with a volume of 16,958 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price target on shares of Pizza Pizza Royalty from C$17.00 to C$16.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$16.00.

Pizza Pizza Royalty Price Performance

The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72. The company has a market cap of C$519.32 million, a P/E ratio of 16.56 and a beta of 0.30. The firm has a 50 day moving average of C$15.21 and a 200-day moving average of C$15.47.

Pizza Pizza Royalty Announces Dividend

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were paid a $0.0775 dividend. The ex-dividend date was Monday, September 29th. This represents a yield of 605.0%. Pizza Pizza Royalty’s payout ratio is presently 98.94%.

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.