Pizza Pizza Royalty (TSE:PZA) Price Target Raised to C$14.00 at TD Securities

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

Pizza Pizza Royalty Stock Performance

TSE PZA traded down C$0.38 during trading hours on Tuesday, hitting C$13.01. The company's stock had a trading volume of 136,581 shares, compared to its average volume of 53,866. The company's 50 day simple moving average is C$13.33 and its two-hundred day simple moving average is C$13.22. Pizza Pizza Royalty has a 12 month low of C$12.31 and a 12 month high of C$13.92. The company has a market cap of C$320.53 million, a P/E ratio of 13.76 and a beta of 0.91. The company has a debt-to-equity ratio of 15.72, a current ratio of 0.19 and a quick ratio of 3.03.

Pizza Pizza Royalty Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.0775 per share. This represents a $0.93 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend was Friday, February 28th. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 98.39%.

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.