Pizza Pizza Royalty (TSE:PZA) Reaches New 52-Week High - Here's What Happened

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$15.27 and last traded at C$15.25, with a volume of 8341 shares traded. The stock had previously closed at C$15.20.

Analysts Set New Price Targets

Separately, TD Securities boosted 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.

Pizza Pizza Royalty Stock Down 0.3%

The stock has a market capitalization of C$379.41 million, a price-to-earnings ratio of 16.29 and a beta of 0.91. The business's 50-day moving average is C$14.82 and its two-hundred day moving average is C$13.84. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72.

Pizza Pizza Royalty Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a $0.0775 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date was Friday, May 30th. Pizza Pizza Royalty's dividend payout ratio (DPR) is 98.39%.

About Pizza Pizza Royalty

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.