Pizza Pizza Royalty (TSE:PZA) Reaches New 52-Week Low – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$10.86 and last traded at C$10.94, with a volume of 179877 shares traded. The stock had previously closed at C$10.86.

Wall Street Analyst Weigh In

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

Pizza Pizza Royalty Price Performance

The stock has a market capitalization of C$367.80 million, a P/E ratio of 11.96 and a beta of 0.55. The stock’s fifty day moving average is C$12.30 and its 200-day moving average is C$13.64. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02.

Pizza Pizza Royalty Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Tuesday, June 30th. Pizza Pizza Royalty’s payout ratio is presently 100.00%.

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.