Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$15.05 and last traded at C$14.99, with a volume of 27233 shares changing hands. The stock had previously closed at C$14.89.
Analysts Set New Price Targets
Separately, TD Securities upped their target price on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a report on Tuesday, April 1st.
View Our Latest Stock Analysis on PZA
Pizza Pizza Royalty Stock Up 0.1%
The firm has a market cap of C$369.06 million, a price-to-earnings ratio of 15.85 and a beta of 0.91. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72. The firm has a fifty day moving average price of C$14.61 and a 200-day moving average price of C$13.69.
Pizza Pizza Royalty Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were issued a $0.0775 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.21%. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 98.39%.
About Pizza Pizza Royalty
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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.
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