Pizza Pizza Royalty (TSE:PZA) Reaches New 1-Year Low – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$11.46 and last traded at C$11.51, with a volume of 54154 shares changing hands. The stock had previously closed at C$11.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PZA shares. TD decreased their target price 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. TD Securities raised Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$14.00.

Check Out Our Latest Report on Pizza Pizza Royalty

Pizza Pizza Royalty Trading Down 1.5%

The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. The business’s 50-day simple moving average is C$12.58 and its two-hundred day simple moving average is C$13.90. The company has a market capitalization of C$378.95 million, a PE ratio of 12.32 and a beta of 0.55.

Pizza Pizza Royalty Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.0675 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. Pizza Pizza Royalty’s dividend payout ratio is currently 100.00%.

About Pizza Pizza Royalty

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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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