Pizza Pizza Royalty (TSE:PZA) Upgraded at TD Securities

TD Securities upgraded shares of Pizza Pizza Royalty (TSE:PZA) to a hold rating in a research note published on Friday morning,Zacks.com reports.

Separately, TD reduced their price target on 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$14.00.

Pizza Pizza Royalty Stock Performance

Shares of TSE PZA opened at C$12.65 on Friday. The company has a current ratio of 1.64, a quick ratio of 3.02 and a debt-to-equity ratio of 15.24. The stock has a market cap of C$427.63 million, a price-to-earnings ratio of 13.34 and a beta of 0.59. Pizza Pizza Royalty has a 1-year low of C$12.22 and a 1-year high of C$16.73. The stock’s 50-day moving average is C$12.92 and its 200 day moving average is C$14.77.

Pizza Pizza Royalty Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.0675 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. Pizza Pizza Royalty’s dividend payout ratio is presently 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.