Pizza Pizza Royalty (TSE:PZA) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• Pizza Pizza Royalty Corp. shares exceeded their 50-day moving average, trading at C$15.92 after reaching a high of C$16.00.
• TD Securities raised their target price for the stock from C$14.00 to C$17.00, maintaining a "hold" rating, with an average rating of "hold" across analysts.
• The company is set to pay a dividend of $0.0775 on September 15th, with a payout ratio of 98.94%.

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$15.75 and traded as high as C$16.00. Pizza Pizza Royalty shares last traded at C$15.92, with a volume of 34,625 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities boosted their target price on 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. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$17.00.

Pizza Pizza Royalty Price Performance

The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72. The company has a market cap of C$528.99 million, a PE ratio of 16.87 and a beta of 0.43. The firm has a 50 day moving average of C$15.81 and a two-hundred day moving average of C$14.69.

Pizza Pizza Royalty Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.0775 per share. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 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.