Pizza Pizza Royalty (TSE:PZA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.31 and traded as low as C$12.69. Pizza Pizza Royalty shares last traded at C$12.76, with a volume of 77,176 shares.

Analyst Upgrades and Downgrades

Separately, TD lowered their target price on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$14.00.

View Our Latest Analysis on PZA

Pizza Pizza Royalty Price Performance

The business’s 50 day moving average price is C$14.32 and its two-hundred day moving average price is C$15.31. The stock has a market cap of C$431.35 million, a P/E ratio of 13.46 and a beta of 0.64. The company has a current ratio of 1.64, a quick ratio of 3.03 and a debt-to-equity ratio of 15.24.

Pizza Pizza Royalty (TSE:PZAGet Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 29.35% and a return on equity of 10.21%. As a group, sell-side analysts expect that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current fiscal year.

Pizza Pizza Royalty Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a $0.0675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.3%. Pizza Pizza Royalty’s payout ratio is 98.09%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

Further Reading

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