Pizza Pizza Royalty (TSE:PZA) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Pizza Pizza Royalty Corp.'s stock price has recently surpassed its 50-day moving average, trading at C$16.25, which is above the average of C$15.52.
• TD Securities raised their price target for the stock from C$14.00 to C$17.00 and continues to rate it as a "hold."
• The company announced a dividend of $0.0775 paid to shareholders, with a dividend payout ratio of 98.39%.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.52 and traded as high as C$16.35. Pizza Pizza Royalty shares last traded at C$16.25, with a volume of 25,185 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities increased their target price on shares of Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the company a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$17.00.

Pizza Pizza Royalty Stock Performance

The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72. The company has a market capitalization of C$402.57 million, a PE ratio of 17.29 and a beta of 0.91. The stock's fifty day simple moving average is C$15.63 and its 200-day simple moving average is C$14.52.

Pizza Pizza Royalty Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.0775 dividend. Pizza Pizza Royalty's dividend payout ratio is presently 98.39%.

About Pizza Pizza Royalty

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.