Pizza Pizza Royalty (TSE:PZA) Share Price Crosses Above Fifty Day Moving Average of $11.92

Pizza Pizza Royalty Corp. (TSE:PZA) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.92 and traded as high as C$12.11. Pizza Pizza Royalty shares last traded at C$12.07, with a volume of 90,318 shares trading hands.

Separately, TD Securities upped their target price on Pizza Pizza Royalty from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, November 12th.

The company has a market cap of C$388.38 million and a P/E ratio of 16.69. The firm has a 50 day moving average of C$11.92 and a 200-day moving average of C$11.46. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 16.23.

Pizza Pizza Royalty (TSE:PZA) last announced its quarterly earnings data on Wednesday, November 10th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$129.71 million during the quarter. On average, research analysts predict that Pizza Pizza Royalty Corp. will post 0.7999999 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 29th were given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.97%. The ex-dividend date was Thursday, October 28th. This is a boost from Pizza Pizza Royalty’s previous monthly dividend of $0.06. Pizza Pizza Royalty’s dividend payout ratio (DPR) is 86.45%.

In related news, Director Paul Goddard bought 5,000 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were acquired at an average price of C$11.99 per share, with a total value of C$59,950.00. Following the transaction, the director now owns 15,100 shares of the company’s stock, valued at C$181,049. Insiders have acquired a total of 7,187 shares of company stock worth $86,271 in the last ninety days.

Pizza Pizza Royalty Company Profile (TSE:PZA)

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. It also sells food and beverages. As of December 31, 2020, the company had 749 restaurants in the royalty pool.

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