Shares of Pizza Pizza Royalty Corp (TSE:PZA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $9.97. Pizza Pizza Royalty shares last traded at $10.04, with a volume of 7,309 shares trading hands.
Separately, TD Securities cut shares of Pizza Pizza Royalty from a “buy” rating to a “hold” rating and set a C$11.00 price target for the company. in a research note on Friday, May 10th.
The stock has a market cap of $245.93 million and a PE ratio of 11.85. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 16.31. The business’s 50 day simple moving average is C$10.00.
The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Thursday, June 27th. Pizza Pizza Royalty’s dividend payout ratio is presently 102.02%.
About Pizza Pizza Royalty (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. As of January 1, 2019, the company had 772 restaurants in the royalty pool. Pizza Pizza Royalty Corp. was founded in 1967 and is headquartered in Toronto, Canada.
Further Reading: What is Cost of Goods Sold (COGS)?
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