Pizza Pizza Royalty (TSE:PZA) Reaches New 12-Month High - Time to Buy?

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$14.97 and last traded at C$14.90, with a volume of 13205 shares. The stock had previously closed at C$14.90.

Analyst Ratings Changes

Separately, TD Securities lifted their target price 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 Stock Up 0.1%

The stock has a market capitalization of C$367.59 million, a price-to-earnings ratio of 15.78 and a beta of 0.91. 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 business has a fifty day moving average of C$14.45 and a 200 day moving average of C$13.63.

Pizza Pizza Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were issued a dividend of $0.0775 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Friday, May 30th. 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.