Pizza Pizza Royalty (TSE:PZA) Sets New 12-Month Low Following Analyst Downgrade

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price reached a new 52-week low on Tuesday after TD lowered their price target on the stock from C$14.00 to C$12.00. TD currently has a hold rating on the stock. Pizza Pizza Royalty traded as low as C$12.50 and last traded at C$12.95, with a volume of 367873 shares trading hands. The stock had previously closed at C$13.82.

Pizza Pizza Royalty Price Performance

The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24. The company has a 50 day moving average of C$15.36 and a 200 day moving average of C$15.56. The firm has a market cap of C$438.11 million, a price-to-earnings ratio of 13.67 and a beta of 0.51.

Pizza Pizza Royalty (TSE:PZA) last announced its earnings results on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 76.59% and a return on equity of 10.21%. Equities research analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current fiscal year.

Pizza Pizza Royalty Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.0675 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.3%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 98.09%.

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.