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Pizza Pizza Royalty (TSE:PZA) Stock Passes Above 50-Day Moving Average - Time to Sell?

Pizza Pizza Royalty logo with Consumer Cyclical background

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$12.99 and traded as high as C$13.33. Pizza Pizza Royalty shares last traded at C$13.31, with a volume of 41,256 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on shares of Pizza Pizza Royalty from C$14.00 to C$13.00 and set a "hold" rating for the company in a report on Thursday, August 8th.

Get Our Latest Research Report on PZA

Pizza Pizza Royalty Price Performance

The stock has a market cap of C$325.48 million, a PE ratio of 13.58 and a beta of 0.91. The business has a fifty day simple moving average of C$12.99 and a two-hundred day simple moving average of C$13.20. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. Pizza Pizza Royalty had a return on equity of 10.60% and a net margin of 77.86%. The business had revenue of C$155.36 million during the quarter. Research analysts forecast that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current year.

Pizza Pizza Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Friday, September 27th. Pizza Pizza Royalty's dividend payout ratio (DPR) is presently 94.90%.

Pizza Pizza Royalty Company Profile

(Get Free Report)

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.

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