Pizza Pizza Royalty (TSE:PZA) Shares Pass Below 200 Day Moving Average – Time to Sell?

Pizza Pizza Royalty Corp. (TSE:PZA) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.23 and traded as low as C$13.18. Pizza Pizza Royalty shares last traded at C$13.25, with a volume of 60,861 shares traded.

Wall Street Analyst Weigh In

Separately, TD decreased their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Pizza Pizza Royalty currently has an average rating of “Hold” and a consensus target price of C$14.00.

Pizza Pizza Royalty Price Performance

The company has a current ratio of 1.64, a quick ratio of 3.02 and a debt-to-equity ratio of 15.24. The company has a market capitalization of C$446.90 million, a P/E ratio of 13.94 and a beta of 0.64. The business’s fifty day moving average price is C$14.00 and its 200-day moving average price is C$15.22.

Pizza Pizza Royalty (TSE:PZA) last announced its 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%. As a group, sell-side analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current fiscal year.

Pizza Pizza Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio is presently 98.09%.

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.