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Pizza Pizza Royalty (TSE:PZA) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Pizza Pizza Royalty logo with Consumer Cyclical background

Key Points

  • Pizza Pizza Royalty shares crossed above their 50-day moving average, currently at C$15.35, trading as high as C$16.24 and last priced at C$16.13.
  • TD Securities upgraded the stock's price target from C$14.00 to C$17.00 while maintaining a "hold" rating in their recent report.
  • The company announced a dividend of $0.0775, to be paid on August 15th, with a payout ratio of 98.39% for current stockholders.
  • Interested in Pizza Pizza Royalty? Here are five stocks we like better.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$15.35 and traded as high as C$16.24. Pizza Pizza Royalty shares last traded at C$16.13, with a volume of 21,839 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the company a "hold" rating in a research note on Monday, August 11th.

View Our Latest Stock Report on PZA

Pizza Pizza Royalty Trading Up 0.6%

The stock's fifty day moving average price is C$15.43 and its 200 day moving average price is C$14.36. 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 stock has a market cap of C$400.11 million, a PE ratio of 17.18 and a beta of 0.91.

Pizza Pizza Royalty Dividend Announcement

The company also recently declared a jul 25 dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.0775 per share. Pizza Pizza Royalty's payout ratio is 98.39%.

About Pizza Pizza Royalty

(Get Free Report)

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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