Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$14.02 and traded as high as C$14.85. Pizza Pizza Royalty shares last traded at C$14.85, with a volume of 14,956 shares.
Analyst Upgrades and Downgrades
Separately, TD Securities raised 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 report on Tuesday, April 1st.
Read Our Latest Research Report on Pizza Pizza Royalty
Pizza Pizza Royalty Trading Down 0.3%
The company has a market cap of C$360.44 million, a price-to-earnings ratio of 15.48 and a beta of 0.91. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72. The company's 50-day moving average is C$14.08 and its 200 day moving average is C$13.50.
Pizza Pizza Royalty Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 13th will be issued 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 98.39%.
Pizza Pizza Royalty Company Profile
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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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