Pizza Pizza Royalty (TSE:PZA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.31 and traded as low as C$12.69. Pizza Pizza Royalty shares last traded at C$12.76, with a volume of 77,176 shares changing hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on PZA

Pizza Pizza Royalty Trading Up 0.3%

The firm has a market capitalization of C$431.35 million, a P/E ratio of 13.46 and a beta of 0.64. The stock’s 50-day simple moving average is C$14.32 and its two-hundred day simple moving average is C$15.31. 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 (TSE:PZAGet Free Report) last posted 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 net margin of 29.35% and a return on equity of 10.21%. Equities research analysts expect that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Cuts Dividend

The business also recently announced 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. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Pizza Pizza Royalty’s dividend payout ratio is currently 98.09%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

Further Reading

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