Pizza Pizza Royalty Corp (PZA) PT Lowered to C$18.50

Pizza Pizza Royalty Corp (TSE:PZA) had its price objective lowered by TD Securities from C$19.00 to C$18.50 in a research note released on Wednesday. TD Securities currently has a buy rating on the stock.

Shares of Pizza Pizza Royalty Corp (TSE:PZA) opened at 16.13 on Wednesday. The firm has a market cap of $503.47 million and a price-to-earnings ratio of 18.60. The company’s 50 day moving average is $16.85 and its 200 day moving average is $17.32. Pizza Pizza Royalty Corp has a 52-week low of $14.81 and a 52-week high of $18.24.

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The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, July 27th.

Pizza Pizza Royalty Corp Company Profile

Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment.

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