Pizza Pizza Royalty (TSE:PZA) Shares Cross Below 200-Day Moving Average of $13.56

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.56 and traded as low as C$12.90. Pizza Pizza Royalty shares last traded at C$12.97, with a volume of 77,881 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities reduced their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$13.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Pizza Pizza Royalty Stock Performance

The company’s 50-day simple moving average is C$13.13 and its 200-day simple moving average is C$13.54. The stock has a market cap of C$319.08 million, a price-to-earnings ratio of 13.22 and a beta of 0.91. The company has a quick ratio of 3.03, a current ratio of 3.09 and a debt-to-equity ratio of 15.61.

Pizza Pizza Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.078 dividend. This represents a $0.94 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Wednesday, July 31st. Pizza Pizza Royalty’s payout ratio is presently 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.