Pizza Pizza Royalty (TSE:PZA) Sets New 1-Year Low – Here’s What Happened

Pizza Pizza Royalty Corp. (TSE:PZA) shares reached a new 52-week low 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 Analysts Forecast Growth

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

Pizza Pizza Royalty Trading Up 0.6%

The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02. The company has a market cap of C$370.84 million, a price-to-earnings ratio of 12.05 and a beta of 0.55. The business has a 50 day simple moving average of C$12.21 and a 200 day simple moving average of C$13.56.

Pizza Pizza Royalty Dividend Announcement

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

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. The business activity of the group primarily functions through Canada.