Pizza Pizza Royalty (TSE:PZA) Shares Down 6.1% Following Analyst Downgrade

Key Points

• Shares fell 6.1% intraday after TD cut its price target from C$16.00 to C$14.00 and kept a hold rating, while trading volume jumped 181% to 122,546 shares.
• Monthly dividend announced: $0.0775 per share payable May 15 with an ex-dividend date of April 30, implying a 6.7% yield and a dividend payout ratio of 98.94%.
• Company fundamentals: Market cap C$468.2M and P/E 14.73; last quarter EPS was C$0.24, net margin 76.59%, and analysts forecast roughly C$0.99 EPS for the year.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) fell 6.1% during trading on Monday after TD lowered their price target on the stock from C$16.00 to C$14.00. TD currently has a hold rating on the stock. Pizza Pizza Royalty traded as low as C$14.67 and last traded at C$14.71. 122,546 shares were traded during mid-day trading, an increase of 181% from the average session volume of 43,666 shares. The stock had previously closed at C$15.66.

Pizza Pizza Royalty Stock Down 11.6%

The stock has a market cap of C$468.20 million, a P/E ratio of 14.73 and a beta of 0.53. The company has a quick ratio of 3.03, a current ratio of 1.64 and a debt-to-equity ratio of 15.24. The business has a 50-day simple moving average of C$15.86 and a 200-day simple moving average of C$15.69.

Pizza Pizza Royalty (TSE:PZA - Get Free Report) last announced its earnings results on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 76.59% and a return on equity of 10.21%. Analysts expect that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.0775 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, April 30th. Pizza Pizza Royalty's dividend payout ratio (DPR) is 98.94%.

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. The business activity of the group primarily functions through Canada.

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