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

Key Points

• Pizza Pizza Royalty Corp. reached a new 52-week high on Tuesday, trading at C$16.42, with a total volume of 11,094 shares.
• TD Securities revised the company's target price to C$17.00 and maintained a "hold" rating, reflecting an average market sentiment of holding the stock.
• The company recently announced a dividend of $0.0775 with a high payout ratio of 98.39%, indicating a commitment to returning value to shareholders.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$16.42 and last traded at C$16.35, with a volume of 11094 shares. The stock had previously closed at C$16.32.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the company a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pizza Pizza Royalty currently has a consensus rating of "Hold" and an average target price of C$17.00.

Pizza Pizza Royalty Stock Up 0.4%

The business's 50 day moving average is C$15.57 and its 200 day moving average is C$14.47. 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 company has a market cap of C$402.57 million, a P/E ratio of 17.29 and a beta of 0.91.

Pizza Pizza Royalty Announces Dividend

The company also recently disclosed a jul 25 dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.0775 dividend. Pizza Pizza Royalty's dividend payout ratio (DPR) is currently 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.