Pizza Pizza Royalty (TSE:PZA) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.89 and traded as high as C$14.86. Pizza Pizza Royalty shares last traded at C$14.68, with a volume of 48,887 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, April 1st.

Pizza Pizza Royalty Price Performance

The company has a market capitalization of C$361.67 million, a PE ratio of 15.53 and a beta of 0.91. The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72. The company’s 50 day moving average price is C$13.89 and its 200-day moving average price is C$13.41.

Pizza Pizza Royalty Announces Dividend

The company also recently announced a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were issued a $0.0775 dividend. This represents a yield of 6.5%. The ex-dividend date of this dividend was Wednesday, April 30th. Pizza Pizza Royalty’s payout ratio is currently 98.39%.

About Pizza Pizza Royalty

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.