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Pizza Pizza Royalty (TSE:PZA) Hits New 1-Year High - Here's What Happened

Pizza Pizza Royalty logo with Consumer Cyclical background

Shares of Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as C$15.49 and last traded at C$15.45, with a volume of 21555 shares traded. The stock had previously closed at C$15.43.

Analyst Ratings Changes

Separately, TD Securities upped their price target on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the stock a "hold" rating in a research report on Tuesday, April 1st.

Read Our Latest Research Report on PZA

Pizza Pizza Royalty Price Performance

The stock has a market cap of C$381.63 million, a price-to-earnings ratio of 16.39 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 stock's 50 day moving average price is C$14.93 and its two-hundred day moving average price is C$13.94.

Pizza Pizza Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were issued a dividend of $0.0775 per share. This represents a $0.93 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend was Friday, May 30th. Pizza Pizza Royalty's payout ratio is 98.39%.

About Pizza Pizza Royalty

(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.

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