Pizza Pizza Royalty (TSE:PZA) Stock Passes Above 50 Day Moving Average – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered 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 research report on Thursday, August 8th.

Pizza Pizza Royalty Stock Performance

The company has a debt-to-equity ratio of 15.66, a quick ratio of 3.03 and a current ratio of 0.20. The firm has a market capitalization of C$327.69 million, a price-to-earnings ratio of 13.58 and a beta of 0.91. The stock’s fifty day moving average is C$12.99 and its two-hundred day moving average is C$13.20.

Pizza Pizza Royalty (TSE:PZA) last announced its earnings results 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 for the quarter. Analysts forecast that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current year.

Pizza Pizza Royalty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a $0.078 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.03%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is 94.90%.

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 Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.