Pizza Pizza Royalty (TSE:PZA) Price Target Lowered to C$12.00 at TD

Pizza Pizza Royalty (TSE:PZA) had its price objective reduced by analysts at TD from C$14.00 to C$12.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective suggests a potential downside of 7.90% from the stock’s previous close.

Pizza Pizza Royalty Stock Down 5.7%

TSE PZA traded down C$0.79 on Tuesday, hitting C$13.03. 407,011 shares of the stock traded hands, compared to its average volume of 58,166. The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24. The stock has a 50-day moving average of C$15.36 and a 200 day moving average of C$15.56. The company has a market capitalization of C$440.48 million, a P/E ratio of 13.74 and a beta of 0.51. Pizza Pizza Royalty has a twelve month low of C$12.50 and a twelve month high of C$16.73.

Pizza Pizza Royalty (TSE:PZA) last announced its quarterly 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, analysts expect that Pizza Pizza Royalty will post 0.9896142 earnings per share for the current fiscal year.

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.