Shares of Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities increased their target price 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.
View Our Latest Stock Report on Pizza Pizza Royalty
Pizza Pizza Royalty Price Performance
The company has a market capitalization of C$364.14 million, a PE ratio of 15.64 and a beta of 0.91. The firm has a fifty day moving average of C$14.06 and a two-hundred day moving average of C$13.49. 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 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 dividend of $0.0775 per share. This represents a $0.93 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Friday, May 30th. Pizza Pizza Royalty's payout ratio is 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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