Pizza Pizza Royalty (TSE:PZA) Sets New 12-Month Low – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.66 and last traded at C$11.65, with a volume of 86401 shares trading hands. The stock had previously closed at C$11.97.

Analysts Set New Price Targets

Several equities analysts have commented on PZA shares. 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. TD Securities upgraded shares of Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$14.00.

Pizza Pizza Royalty Price Performance

The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. The firm has a market capitalization of C$393.83 million, a PE ratio of 12.80 and a beta of 0.58. The company has a fifty day moving average price of C$12.77 and a two-hundred day moving average price of C$14.13.

Pizza Pizza Royalty Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is presently 100.00%.

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.