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Pizza Pizza Royalty (TSE:PZA) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Pizza Pizza Royalty logo with Consumer Cyclical background

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.91 and traded as high as C$15.43. Pizza Pizza Royalty shares last traded at C$15.43, with a volume of 22,189 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities raised their price target on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the stock a "hold" rating in a research report on Tuesday, April 1st.

Check Out Our Latest Stock Analysis on PZA

Pizza Pizza Royalty Price Performance

The company's 50 day moving average price is C$14.93 and its 200-day moving average price is C$13.93. The company has a market cap of C$381.63 million, a price-to-earnings ratio of 16.39 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 business also recently declared a monthly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were issued a dividend of $0.0775 per share. This represents a $0.93 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Friday, May 30th. Pizza Pizza Royalty's dividend payout ratio is currently 98.39%.

Pizza Pizza Royalty Company Profile

(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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