Pizza Pizza Royalty (TSE:PZA) Reaches New 52-Week High – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.94 and last traded at C$14.86, with a volume of 12553 shares traded. The stock had previously closed at C$14.90.

Analysts Set New Price Targets

Separately, TD Securities increased their target price on Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the stock a “hold” rating in a research note on Tuesday, April 1st.

Pizza Pizza Royalty Trading Down 0.1%

The company has a market cap of C$366.60 million, a price-to-earnings ratio of 15.74 and a beta of 0.91. The business has a fifty day simple moving average of C$14.20 and a 200 day simple moving average of C$13.55. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72.

Pizza Pizza Royalty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 13th will be issued a $0.0775 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.25%. Pizza Pizza Royalty’s dividend payout ratio is presently 98.39%.

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.