Pizza Pizza Royalty (TSE:PZA) Reaches 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)'s share price hit a new 52-week high on Tuesday . The stock traded as high as C$16.42 and last traded at C$16.35, with a volume of 11094 shares trading hands. The stock had previously closed at C$16.32.

Analyst Ratings Changes

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

Pizza Pizza Royalty Stock Down 0.6%

The firm has a market capitalization of C$399.86 million, a P/E ratio of 17.17 and a beta of 0.91. The firm's 50-day moving average is C$15.46 and its 200 day moving average is C$14.39. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a jul 25 dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.