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

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$14.36 and last traded at C$14.32, with a volume of 40185 shares traded. The stock had previously closed at C$14.22.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price objective on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the stock a "hold" rating in a research note on Tuesday, April 1st.

Pizza Pizza Royalty Trading Down 0.3 %

The firm has a market capitalization of C$351.33 million, a P/E ratio of 15.09 and a beta of 0.91. The stock has a 50-day simple moving average of C$13.55 and a two-hundred day simple moving average of C$13.29. The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72.

Pizza Pizza Royalty Dividend Announcement

The company also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a $0.0775 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 6.5%. Pizza Pizza Royalty's dividend payout ratio is presently 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.