Boston Pizza Royalties Income Fund (TSE:BPF.UN) Given New C$18.50 Price Target at Acumen Capital

Boston Pizza Royalties Income Fund (TSE:BPF.UN - Free Report) had its price objective reduced by Acumen Capital from C$19.00 to C$18.50 in a report issued on Monday morning, BayStreet.CA reports.

Boston Pizza Royalties Income Fund Stock Up 0.1 %

Shares of Boston Pizza Royalties Income Fund stock traded up C$0.02 on Monday, hitting C$15.92. The company had a trading volume of 20,386 shares, compared to its average volume of 27,400. Boston Pizza Royalties Income Fund has a 1 year low of C$14.45 and a 1 year high of C$16.84. The company has a debt-to-equity ratio of 44.38, a quick ratio of 17.13 and a current ratio of 3.47. The stock has a 50 day moving average of C$15.74 and a 200-day moving average of C$15.51. The stock has a market capitalization of C$338.78 million, a price-to-earnings ratio of 11.88 and a beta of 1.61.

Boston Pizza Royalties Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.113 per share. This represents a $1.36 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Friday, May 17th. Boston Pizza Royalties Income Fund's dividend payout ratio is 101.49%.

Boston Pizza Royalties Income Fund Company Profile

Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. The company, indirectly through Boston Pizza Royalties Limited Partnership, owns trademarks and trade names used by Boston Pizza International Inc It operates as a franchisor of casual dining pizza and pasta restaurants.