Pizza Pizza Royalty (TSE:PZA) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$13.28 and traded as low as C$13.01. Pizza Pizza Royalty shares last traded at C$13.16, with a volume of 21,764 shares traded.

Analyst Upgrades and Downgrades

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 for the company in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$14.00.

View Our Latest Research Report on Pizza Pizza Royalty

Pizza Pizza Royalty Price Performance

The firm has a 50-day simple moving average of C$13.19 and a two-hundred day simple moving average of C$14.98. The company has a market capitalization of C$445.55 million, a price-to-earnings ratio of 13.90 and a beta of 0.59. The company has a current ratio of 1.64, a quick ratio of 3.02 and a debt-to-equity ratio of 15.24.

Pizza Pizza Royalty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.0675 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 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.

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