Pizza Pizza Royalty (TSE:PZA) Hits New 52-Week Low – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$11.66 and last traded at C$11.65, with a volume of 86401 shares changing hands. The stock had previously closed at C$11.97.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. TD Securities upgraded shares of Pizza Pizza Royalty to a “hold” rating in a report on Friday, July 24th. TD reduced their target price on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$14.00.

Pizza Pizza Royalty Stock Performance

The company has a market capitalization of C$397.21 million, a P/E ratio of 12.91 and a beta of 0.58. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02. The stock’s 50 day simple moving average is C$12.72 and its two-hundred day simple moving average is C$14.07.

Pizza Pizza Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.0675 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. Pizza Pizza Royalty’s dividend payout ratio is currently 100.00%.

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. The business activity of the group primarily functions through Canada.