Pizza Pizza Royalty (TSE:PZA) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$14.98 and traded as low as C$12.60. Pizza Pizza Royalty shares last traded at C$12.65, with a volume of 112,088 shares traded.

Wall Street Analysts Forecast Growth

Separately, 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. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty has a consensus rating of “Hold” and a consensus price target of C$14.00.

Check Out Our Latest Analysis on PZA

Pizza Pizza Royalty Stock Down 1.9%

The stock has a fifty day moving average price of C$14.98 and a 200 day moving average price of C$15.45. The company has a debt-to-equity ratio of 15.24, a current ratio of 1.64 and a quick ratio of 3.03. The stock has a market capitalization of C$427.63 million, a P/E ratio of 13.34 and a beta of 0.51.

Pizza Pizza Royalty (TSE:PZAGet Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. On average, research analysts forecast that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current year.

Pizza Pizza Royalty Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, May 29th. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 98.09%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

Further Reading

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