Pizza Pizza Royalty (TSE:PZA) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.23 and traded as low as C$13.18. Pizza Pizza Royalty shares last traded at C$13.25, with a volume of 60,861 shares.

Wall Street Analyst Weigh In

Separately, TD cut their price target on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Pizza Pizza Royalty currently has an average rating of “Hold” and a consensus price target of C$14.00.

Pizza Pizza Royalty Price Performance

The company has a market capitalization of C$447.92 million, a price-to-earnings ratio of 13.98 and a beta of 0.64. The stock has a fifty day simple moving average of C$14.05 and a 200-day simple moving average of C$15.23. The company has a debt-to-equity ratio of 15.24, a current ratio of 1.64 and a quick ratio of 3.02.

Pizza Pizza Royalty (TSE:PZA) last issued 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 76.59% and a return on equity of 10.21%. On average, equities research analysts anticipate that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year.

Pizza Pizza Royalty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0675 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.1%. Pizza Pizza Royalty’s dividend payout ratio is 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.