Insider Buying: Pizza Pizza Royalty (TSE:PZA) Director Buys C$11,020.00 in Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Neil Gainford Lester acquired 1,000 shares of Pizza Pizza Royalty stock in a transaction dated Monday, September 21st. The shares were purchased at an average price of C$11.02 per share, for a total transaction of C$11,020.00. Following the completion of the transaction, the director directly owned 7,087 shares in the company, valued at approximately C$78,098.74. The trade was a 16.43% increase in their position.

Pizza Pizza Royalty Price Performance

TSE:PZA traded up C$0.12 during mid-day trading on Friday, reaching C$10.70. The stock had a trading volume of 201,291 shares, compared to its average volume of 76,625. The stock has a market capitalization of C$361.71 million, a P/E ratio of 11.76 and a beta of 0.55. The firm has a 50 day moving average price of C$12.09 and a two-hundred day moving average price of C$13.46. The company has a debt-to-equity ratio of 15.27, a quick ratio of 3.02 and a current ratio of 1.66. Pizza Pizza Royalty Corp. has a one year low of C$10.56 and a one year high of C$16.73.

Pizza Pizza Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.0675 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.81 annualized dividend and a dividend yield of 7.6%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$14.00.

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.