Insider Buying: Pizza Pizza Royalty (TSE:PZA) Director Acquires C$19,125.00 in Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Edward Peter Howard Nash bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of C$12.75 per share, for a total transaction of C$19,125.00. Following the transaction, the director directly owned 8,500 shares of the company’s stock, valued at C$108,375. This trade represents a 21.43% increase in their position.

Pizza Pizza Royalty Trading Up 0.7%

Shares of PZA stock opened at C$12.68 on Friday. The firm’s fifty day simple moving average is C$14.46 and its 200 day simple moving average is C$15.35. The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24. Pizza Pizza Royalty Corp. has a 1 year low of C$12.22 and a 1 year high of C$16.73. The firm has a market capitalization of C$428.65 million, a P/E ratio of 13.37 and a beta of 0.64.

Pizza Pizza Royalty (TSE:PZA) last announced its quarterly earnings data on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. As a group, sell-side analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.0675 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 98.09%.

Analysts Set New Price Targets

Separately, TD lowered 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 report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty currently has an average rating of “Hold” and a consensus price target of C$14.00.

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.