Pizza Pizza Royalty (TSE:PZA) Stock Price Crosses Below 200-Day Moving Average of $13.33

Shares of Pizza Pizza Royalty Corp. (TSE:PZA) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.33 and traded as low as C$12.62. Pizza Pizza Royalty shares last traded at C$12.73, with a volume of 65,667 shares.

Wall Street Analyst Weigh In

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

Pizza Pizza Royalty Stock Performance

The company has a 50 day moving average of C$13.00 and a two-hundred day moving average of C$13.32. The company has a debt-to-equity ratio of 15.66, a current ratio of 0.20 and a quick ratio of 3.03. The company has a market capitalization of C$315.87 million, a PE ratio of 13.09 and a beta of 0.91.

Pizza Pizza Royalty (TSE:PZA) last released its earnings results on Wednesday, August 7th. The company reported C$0.24 earnings per share for the quarter. The firm 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, equities research analysts predict that Pizza Pizza Royalty Corp. will post 0.990566 earnings per share for the current year.

Pizza Pizza Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date was Friday, August 30th. Pizza Pizza Royalty’s dividend payout ratio is 94.90%.

About Pizza Pizza Royalty

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.