Pizza Pizza Royalty (TSE:PZA) Stock Price Passes Below 200 Day Moving Average - Here's Why

Shares of Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.22 and traded as low as C$12.85. Pizza Pizza Royalty shares last traded at C$12.97, with a volume of 62,884 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a research note on Tuesday, April 1st.

Pizza Pizza Royalty Stock Up 0.1 %

The company has a market capitalization of C$330.88 million, a PE ratio of 14.21 and a beta of 0.91. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19. The stock's 50 day moving average is C$13.34 and its 200 day moving average is C$13.23.

Pizza Pizza Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.0775 per share. The ex-dividend date was Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.92%. 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.