Pizza Pizza Royalty (TSE:PZA) Director Edward Peter Howard Nash Purchases 1,500 Shares of Stock

Pizza Pizza Royalty Corp. (TSE:PZA) Director Edward Peter Howard Nash purchased 1,500 shares of Pizza Pizza Royalty stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of C$12.75 per share, with a total value of C$19,125.00. Following the completion of the transaction, the director directly owned 8,500 shares in the company, valued at C$108,375. The trade was a 21.43% increase in their position.

Pizza Pizza Royalty Stock Performance

PZA opened at C$12.75 on Thursday. Pizza Pizza Royalty Corp. has a 12-month low of C$12.22 and a 12-month high of C$16.73. The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24. The firm has a market capitalization of C$431.01 million, a PE ratio of 13.45 and a beta of 0.51. The firm has a 50 day moving average of C$14.60 and a two-hundred day moving average of C$15.38.

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

Pizza Pizza Royalty Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, TD reduced their price target on shares of 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$14.00.

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.