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Pizza Pizza Royalty (TSE:PZA) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Pizza Pizza Royalty logo with Consumer Cyclical background

Key Points

  • Pizza Pizza Royalty Corp.'s stock price has surpassed its 50-day moving average of C$15.03, reaching as high as C$16.06 during trading, with shares last priced at C$16.00.
  • TD Securities has upgraded its target price for Pizza Pizza Royalty from C$13.00 to C$14.00, maintaining a "hold" rating on the stock.
  • The company has announced a dividend of $0.0775 per share, set to be paid on August 15th, with a payout ratio of 98.39%.
  • Want stock alerts on Pizza Pizza Royalty? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$15.03 and traded as high as C$16.06. Pizza Pizza Royalty shares last traded at C$16.00, with a volume of 47,180 shares changing hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on PZA

Pizza Pizza Royalty Stock Performance

The firm has a market capitalization of C$398.63 million, a PE ratio of 17.12 and a beta of 0.91. The firm has a fifty day moving average price of C$15.06 and a 200 day moving average price of C$14.06. The company has a debt-to-equity ratio of 15.72, a current ratio of 0.19 and a quick ratio of 3.03.

Pizza Pizza Royalty Dividend Announcement

The business also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.0775 per share. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 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.

See Also

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