Pizza Pizza Royalty (TSE:PZA) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.81 and traded as high as C$15.90. Pizza Pizza Royalty shares last traded at C$15.88, with a volume of 16,875 shares traded.

Analysts Set New Price Targets

Separately, TD Securities lifted their price target on Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$17.00.

Pizza Pizza Royalty Trading Down 0.1%

The stock has a market capitalization of C$529.66 million, a P/E ratio of 16.89 and a beta of 0.34. The stock has a 50-day moving average price of C$15.81 and a two-hundred day moving average price of C$15.16. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Announces Dividend

The firm also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were given a $0.0775 dividend. This represents a dividend yield of 605.0%. The ex-dividend date was Monday, September 29th. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 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.