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

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$13.89 and traded as high as C$14.86. Pizza Pizza Royalty shares last traded at C$14.68, with a volume of 48,887 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a research note on Tuesday, April 1st.

Pizza Pizza Royalty Price Performance

The business has a 50-day simple moving average of C$13.95 and a 200 day simple moving average of C$13.43. The firm has a market cap of C$360.20 million, a P/E ratio of 15.47 and a beta of 0.91. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Dividend Announcement

The firm also recently declared a apr 25 dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.0775 per share. This represents a yield of 6.5%. The ex-dividend date was Wednesday, April 30th. Pizza Pizza Royalty's payout ratio is 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.