Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.36 and last traded at C$14.32, with a volume of 40185 shares changing hands. The stock had previously closed at C$14.22.
Analysts Set New Price Targets
Separately, TD Securities boosted their price objective on Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a report on Tuesday, April 1st.
Check Out Our Latest Analysis on Pizza Pizza Royalty
Pizza Pizza Royalty Stock Up 0.3 %
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 stock's fifty day simple moving average is C$13.60 and its 200-day simple moving average is C$13.30. The stock has a market cap of C$354.53 million, a P/E ratio of 15.22 and a beta of 0.91.
Pizza Pizza Royalty Announces Dividend
The business also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be given a $0.0775 dividend. This represents a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, April 30th. Pizza Pizza Royalty's dividend 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.
Further Reading
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