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

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)'s stock price passed 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 trading hands.

Analysts Set New Price Targets

Separately, TD Securities increased their target price on 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$17.00.

Pizza Pizza Royalty Stock Up 0.1%

The stock has a market cap of C$400.35 million, a PE ratio of 17.19 and a beta of 0.91. The firm has a fifty day moving average of C$15.52 and a 200 day moving average of C$14.41. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72.

Pizza Pizza Royalty Announces Dividend

The business also recently disclosed a jul 25 dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.0775 dividend. Pizza Pizza Royalty's dividend payout ratio is presently 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.

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