Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$15.27 and last traded at C$15.25, with a volume of 8341 shares trading hands. The stock had previously closed at C$15.20.
Analysts Set New Price Targets
Separately, TD Securities upped their target price on 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.
Check Out Our Latest Stock Report on Pizza Pizza Royalty
Pizza Pizza Royalty Stock Performance
The business has a fifty day simple moving average of C$14.84 and a 200-day simple moving average of C$13.86. 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 cap of C$379.41 million, a P/E ratio of 16.29 and a beta of 0.91.
Pizza Pizza Royalty Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were given a dividend of $0.0775 per share. The ex-dividend date was Friday, May 30th. This represents a $0.93 annualized dividend and a dividend yield of 6.04%. 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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