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

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.14 and traded as low as C$13.03. Pizza Pizza Royalty shares last traded at C$13.19, with a volume of 34,228 shares changing hands.

Analysts Set New Price Targets

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

Pizza Pizza Royalty Stock Up 1.3%

The company’s fifty day simple moving average is C$13.72 and its 200 day simple moving average is C$15.14. The company has a quick ratio of 3.02, a current ratio of 1.64 and a debt-to-equity ratio of 15.24. The firm has a market capitalization of C$445.89 million, a PE ratio of 13.91 and a beta of 0.64.

Pizza Pizza Royalty (TSE:PZA) last posted its earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 29.35%. Analysts anticipate that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current fiscal year.

Pizza Pizza Royalty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, June 30th. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 98.09%.

Pizza Pizza Royalty Company Profile

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.