Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as C$14.94 and last traded at C$14.79, with a volume of 23856 shares changing hands. The stock had previously closed at C$14.85.
Analyst Ratings Changes
Separately, TD Securities boosted their target price on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a research note on Tuesday, April 1st.
Read Our Latest Stock Analysis on Pizza Pizza Royalty
Pizza Pizza Royalty Stock Performance
The business has a 50-day moving average of C$14.06 and a 200 day moving average of C$13.49. The company has a debt-to-equity ratio of 15.72, a current ratio of 0.19 and a quick ratio of 3.03. The company has a market cap of C$360.44 million, a PE ratio of 15.48 and a beta of 0.91.
Pizza Pizza Royalty Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 13th will be given a $0.0775 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.93 annualized dividend and a yield of 6.36%. Pizza Pizza Royalty's payout ratio 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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