Shares of Pizza Pizza Royalty Corp. (TSE:PZA – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.25 and traded as low as C$12.31. Pizza Pizza Royalty shares last traded at C$12.41, with a volume of 139,040 shares changing hands.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. TD reduced their price target on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Pizza Pizza Royalty currently has an average rating of “Hold” and a consensus price target of C$14.00.
View Our Latest Analysis on Pizza Pizza Royalty
Pizza Pizza Royalty Price Performance
Pizza Pizza Royalty Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.0675 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is currently 100.00%.
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.
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