Edward Peter Howard Nash Buys 1,500 Shares of Pizza Pizza Royalty (TSE:PZA) Stock

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

Pizza Pizza Royalty Price Performance

Shares of PZA stock traded up C$0.04 on Wednesday, hitting C$12.77. 65,672 shares of the company’s stock were exchanged, compared to its average volume of 65,291. The company has a debt-to-equity ratio of 15.24, a current ratio of 1.64 and a quick ratio of 3.03. Pizza Pizza Royalty Corp. has a 12 month low of C$12.22 and a 12 month high of C$16.73. The stock has a market cap of C$431.69 million, a P/E ratio of 13.47 and a beta of 0.51. The company has a 50 day moving average of C$14.72 and a 200 day moving average of C$15.40.

Pizza Pizza Royalty (TSE:PZA) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.0675 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, May 29th. Pizza Pizza Royalty’s dividend payout ratio is currently 98.09%.

Analyst Upgrades and Downgrades

Separately, TD dropped their price objective on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.