Pizza Pizza Royalty (TSE:PZA) Hits New 12-Month Low at $12.44

Pizza Pizza Royalty Corp. (TSE:PZA) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$12.44 and last traded at C$12.46, with a volume of 72147 shares changing hands. The stock had previously closed at C$12.63.

Analysts Set New Price Targets

Separately, TD Securities reduced their price target on Pizza Pizza Royalty from C$14.00 to C$13.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

Pizza Pizza Royalty Stock Down 0.9 %

The stock has a market cap of C$305.04 million, a P/E ratio of 12.64 and a beta of 0.91. The stock’s 50-day moving average is C$13.05 and its 200-day moving average is C$13.39. The company has a current ratio of 0.20, a quick ratio of 3.03 and a debt-to-equity ratio of 15.66.

Pizza Pizza Royalty (TSE:PZA) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$155.36 million for the quarter. Pizza Pizza Royalty had a net margin of 77.86% and a return on equity of 10.60%. As a group, research analysts anticipate that Pizza Pizza Royalty Corp. will post 0.9702517 earnings per share for the current fiscal year.

Pizza Pizza Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.078 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.94 annualized dividend and a dividend yield of 7.55%. Pizza Pizza Royalty’s dividend payout ratio (DPR) 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.