Pizza Pizza Royalty (TSE:PZA) Sets New 52-Week High - Still a Buy?

Key Points

• Pizza Pizza Royalty Corp. (TSE:PZA) reached a new 52-week high of C$16.03 during trading, closing at C$15.93.
• TD Securities increased their price target for the stock from C$13.00 to C$14.00, currently maintaining a "hold" rating.
• The company recently announced a dividend of $0.0775 per share, set to be paid on August 15 for shareholders of record on July 31.
• Pizza Pizza Royalty operates over 600 restaurants across Canada under the Pizza Pizza and Pizza73 brands, employing more than 3,000 individuals.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$16.03 and last traded at C$15.93, with a volume of 33094 shares. The stock had previously closed at C$15.79.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted 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.

Pizza Pizza Royalty Trading Up 0.4%

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 market capitalization of C$399.12 million, a price-to-earnings ratio of 17.14 and a beta of 0.91. The business's 50-day simple moving average is C$15.06 and its two-hundred day simple moving average is C$14.06.

Pizza Pizza Royalty Announces Dividend

The company also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.0775 per share. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 98.39%.

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.