Pizza Pizza Royalty (TSE:PZA) Given New C$10.50 Price Target at TD Securities

Pizza Pizza Royalty (TSE:PZA) had its price objective decreased by equities research analysts at TD Securities from C$11.00 to C$10.50 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 13.27% from the company’s current price.

TSE PZA traded up C$0.05 during trading hours on Friday, reaching C$9.27. The company’s stock had a trading volume of 76,232 shares, compared to its average volume of 59,406. The firm’s 50-day moving average price is C$9.77 and its 200-day moving average price is C$9.94. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 16.34. Pizza Pizza Royalty has a 1 year low of C$8.32 and a 1 year high of C$10.65. The company has a market capitalization of $228.46 million and a price-to-earnings ratio of 10.96.

Pizza Pizza Royalty (TSE:PZA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$134.25 million during the quarter. Equities research analysts anticipate that Pizza Pizza Royalty will post 0.69 EPS for the current fiscal year.

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 Pizza 73 brands in Canada. As of January 1, 2019, the company had 772 restaurants in the royalty pool. Pizza Pizza Royalty Corp. was founded in 1967 and is headquartered in Toronto, Canada.

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