Pizza Pizza Royalty (TSE:PZA) Price Target Cut to C$13.00 by Analysts at TD Securities

Pizza Pizza Royalty (TSE:PZA) had its price target reduced by TD Securities from C$14.00 to C$13.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Pizza Pizza Royalty Stock Performance

PZA stock traded up C$0.01 on Thursday, reaching C$12.91. The company’s stock had a trading volume of 78,153 shares, compared to its average volume of 30,633. Pizza Pizza Royalty has a 52 week low of C$12.78 and a 52 week high of C$15.52. The company has a debt-to-equity ratio of 15.61, a current ratio of 3.09 and a quick ratio of 3.03. The company has a market capitalization of C$317.84 million, a P/E ratio of 13.17 and a beta of 0.91. The firm has a fifty day moving average of C$13.18 and a two-hundred day moving average of C$13.62.

Pizza Pizza Royalty (TSE:PZA) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company had revenue of C$148.90 million during the quarter. Pizza Pizza Royalty had a return on equity of 10.63% and a net margin of 77.82%. As a group, analysts predict that Pizza Pizza Royalty will post 1 EPS for the current fiscal year.

Pizza Pizza Royalty Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.94 annualized dividend and a yield of 7.25%. Pizza Pizza Royalty’s payout ratio is 94.90%.

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 Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.